Answer:
The correct answer is D. 3 % p. a .
Step-by-step explanation:
For the investment offered, Martin is supposed to get $180 as an interest ($6,180 - $6,000).
Now Martin is borrowing $6,000 from the bank to make this investment. He should be charged $180, so that he breaks even on investment.
Thus using the formula:
Interest= Principal × Time ( per annum) ×
; (Here simple and compound interest are same as the sum borrowed is to be charged for a single year)
⇒ 180 =
× 1 × Interest rate
⇒ 180 = 60 × Interest rate
⇒ Interest rate = 3
Thus the correct answer is 3% per annum.
Answer:
0.3
Step-by-step explanation:
3/10 equals 0.3. Hope this helps :)
Answer:
17/12
Step-by-step explanation:
a positive improper fraction. the numerator becomes the denominator.
Answer:
<u>Sebastian is 3.8 miles away from his house.</u>
Step-by-step explanation:
4.5 - 2.4 + 1.7
2.1 + 1.7
= 3.8
- Sebastian is 3.8 miles away from his house.
The answer to the question is 43