If $7,500 investment earns $450 over 3 years what's the interest rate
1 answer:
Answer:
Rate is 2%
Step-by-step explanation:
Step one:
given data
Principal= $7500
Simple interest= $450
time=3 years.
Applying the simple interest formula which is
SI=PRT/100
Step two:
substitute we have
450=7500*R*3/100
cross multiply we have
45000=22500R
divide both sides by 22500
R=45000/22500
R=2%
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Answer
c. 47
Answer:
176 ounces (C)
Step-by-step explanation:
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The answer is zero, i think
Answer:
-4.8
Step-by-step explanation:
-24/5 = (-24)
5
= -4.8