The annual interest rate is 21%
<h3>How to determine the
annual interest rate?</h3>
The given parameters are
Loan Amount, P = $300
Interest, I = $63
Number of years, T = 1
The annual interest rate is calculated as
I = PRT
Substitute the known values in the above equation
63 = 300 * R * 1
Evaluate the product
300R = 63
Divide through by 300
R = 21%
Hence, the annual interest rate is 21%
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The answer is number 4 because you have to find the amount raised by doing 200 x .12(the percentchange) to get 24. You add 24 to 200 toget how much his payment was raised by. It was raised by $24.00
Answer:
-6,-3
hope this helps
have a good day :)
Step-by-step explanation:
