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grandymaker [24]
3 years ago
9

Given the growth rate, what is the growth factor? 16%

Mathematics
1 answer:
harina [27]3 years ago
6 0

Answer:

need point my bad

Step-by-step explanation:

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If $1600 earned simple interest of $56.24 in 2 months, what was the simple interest rate? The simple interest rate is % (Do not
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Answer:

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Step-by-step explanation:

We know that for principal amount P , time period T and rate of interest R\% , simple interest is given by S.I. = \frac{P\times R\times T}{100} .

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P=\$1600\\T=2\,\,months=\frac{2}{12}\,\,years=\frac{1}{6}\,\,years\\S.I=\$56.24

To find :  simple interest rate i.e., R\%

On putting values of P\,,\,T\,,\,S.I in formula , we get S.I. = \frac{P\times R\times T}{100}

56.24 = \frac{1600\times R\times 1}{600}\\R=\frac{56.24\times 600 }{1600}=\frac{703\times 3}{100}=\$21.09

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3 years ago
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