Let x is the interest rate
$17,500 * 2 * x = <span>$2975
</span>$35,000x = $2,975
x = $2,975/$35,000
<span>x = 0.085
0.085 * 100 = 8.5%
Answer: annual interest rate was 8.5%
</span>
Answer:
20400
Step-by-step explanation:
its 2.03x10x10x10x10 so first ten: 20.4 and ten: 204 3rd ten: 2040 last ten :20400
Answer:
85 degrees
Step-by-step explanation:
5 and 7 are equal and 7 and 11 are also equal so 5 and 11 are equal to each other
Answer:
12 problems
Step-by-step explanation:
72/6 is 12.
Answer:
B. The number of years between adjustments in the interest rate
Step-by-step explanation:
The "5" in "5/1" means there will not be any adjustment in interest rate for the first 5 years.
The "1" in "5/1" means interest rates may be adjusted at 1-year intervals after the initial 5-year period.