Answer:
April took out a loan of $600 and paid it back with simple interest of $60 after 5 years. The formula to calculate interest is given the principal and the time and the interest rate is . For this problem we have to find the interest rate given . To archive that , we can just solve the equation making the interest rate the subject of the formula as shown below,
I= Prt
=> r= I/Pt
=> r= 60/600x5 = 1/50
The interest rate is 1/50 or 0.02 as a decimal. The interest rate is 2% as a percentage.
Answer: 8%
Step-by-step explanation:
the answer is 7.5% but you said its a whole number so i guess its 8%
Answer:
gh
Step-by-step explanation:
Unknown factor is known as the factor that is not understood and not know(you have no idea what the value is)
quotient is the answer of two different numbers called dividend and divisor being divided with each other
