You put $400 in an account. the account earns 18% simple interest in 9 months. what is the annual rate?
1 answer:
18 / 9 = 2% per month
18 + 6 (3months) = 24%
400/100 = 4 x 24 = 96
400 + 96 = 496
the annual rate is 24%
You might be interested in
Answer:
What question
Step-by-step explanation:
D is the correct answer because it’s greater than 985, 405
Answer:Tiffany has 28 Justin has 64
Step-by-step explanation:
64+28=92
Answer:
96 km
Step-by-step explanation:
72/3 is 24. When yo add 24 to 72 you get 96km.