The annual rate of interest per year is 8%
<u>Solution:</u>
Given:- Principal (p) = 4600 rupees, Time –Period (t) = 5 years, Total amount(A) = 6440 rupees
First we will calculate the Interest and then using formula of simple interest we will calculate the rate of interest
Interest = Amount – Principal
Interest = 6440 – 4600 = 1840
Now using the formula of simple Interest and on putting values we get,
Where "P" is the principal and "R" is the rate of interest per annum and "T" is the time period
Hence, the required rate of interest per year is 8%
Answer:
B,C and B,A
Step-by-step explanation:
Line the cordients and go up right,Then left to find your answer.
<span>The correct answer is 'callable certificate of deposit’. Financial institutions can recall these before they reach maturity. This avoids financial institutions having to pay more if interest rates go down.</span>
Answer:
1 10/12
Step-by-step explanation:
Take the fractions and get them to the same bottom number, 12. So it would be 5 4/12 - 3 6/12.
Take 1 away from 5 to get 4 and the one you pulled would be 12/12(also equal to 1). 4 16/12 - 3 6/12 would be 1 10/12
Answer:
d
Step-by-step explanation:
