Hi,
By definition, interest rate is <span>the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
To find interest rate you need the principle, interest earned, and time.
</span><span>
Solve for Rate (R)
</span><span>Where: r = I / Pt
</span>
I = 837 (dollars)
P = 3100 (dollars)
t = 6 (years)
r = 837 / ( 3100 × 6 ) = 0.045
<span>r = 0.045
</span>
*converting r decimal to a percentage
R = 0.045 * 100 = 4.5%/year*
The interest rate required to accumulate simple interest of $ 837.00 from a principal of $ 3,100.00 <span>over 6 years is 4.5% per year.
</span>
In short, rate: 4.5% / year
Faith xoxo
Answer:
the answer is D i jus did the math :)
hope this helps
Step-by-step explanation:
Answer:
the trapiezium
Step-by-step explanation:
It has a area of 4 which is the highest
They are supplementary angles
Answer:
880 rotations or D
Step-by-step explanation:
72 inches = 72 / 12 = 6 feet
1 mile = 5280 feet
1 rotation covers 6 feet
x rotations covers 5280 feet
1/x = 6/5280 Cross multiply
6x = 5280 * 1 Divide by 6
x = 5280 /6
x = 880
D