Answer:
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Step-by-step explanation:
1) don't do it
Answer:
8 percent
Step-by-step explanation:
Since the formula for interest rate is the original money, the amount of years, and the inetrest rate multiplied together, we could plug it into an equation. 6000 times 4 times the ineterest rate is equal to 1920. 6000 times 4 is 24000. 1920 divided by 24000 is equal to 0.08 or 8 percent.
Simple interest,
FV=P(1+ni)
FV=future value=2500
P=present value, invested amount
n=number of years, =3
i=annual interest rate, =0.095
2500=P(1+3(0.095))
Solve for P.
Step-by-step explanation:
r+(−8)=10
r - 8 = 10
r = 10 + 8
r = 18
(substract 8 from 1 side and add it to the other side )
