6% or 0.06 is the simple interest rate the bank pays him.
<u>Step-by-step explanation:</u>
Sir Ving Spoon earned $5,436 on his $7,550 certificate of deposit.
From this given information,
It can be determined that the Principal amount is $7550 and the interest amount is $5436.
The CD is for 12 years. Therefore, the number of years is 12.
<u>To find the interest rate (r) :</u>
Using the simple interest formula,
Interest = P×r×t
where,
- P is the principal amount = $7550
- r is the rate of interest.
- t is the number of years = 12
⇒ 5436 = 7550 × r × 12
⇒ 5436 = 90600 × r
⇒ r = 5436 / 90600
⇒ r = 0.06
Multiply by 100 to represent in rate %
⇒ r = 0.06 × 100
⇒ r = 6%
∴ 6% or 0.06 is the simple interest rate the bank pays him.
The Slope is 0 (there is no incline or decline therefore there is no slope)
Answer:
The gradient is the same as the slope. To find the slope, let's convert this from standard form to slope-intercept form.
4x - 3y + 5 = 0
4x + 5 = 3y
4/3x + 5/3 = y therefore the answer is 4/3.
Answer:
Step-By-Step Explanation:
This is the concept of applications of volume. We are required to calculate BTUs per cubic foot. This will be given by the formula:
(BTU)/volume
Total BTU=15*750=11,250
(assuming the bus is a perfect cuboid) volume of the bus will be;
volume=length*width*height
=38*8.5*6.25
=2018.75 ft^2
Thus the BTUs per foot will be:
11250/2018.75
5.57 BTUs/ft
