The simple interest of $4,700 principal at 4% interest and 10 months is <u>$156.67</u> and its <u>maturity level</u> is <u>83%</u>.
<h3>What is simple interest?</h3>
Simple interest refers to the interest calculated only on the principal.
With the simple interest method, the borrower only pays interest on the principal without considering the previously-accumulated interests.
<h3>Data and Calculations:</h3>
Principal = $4,700
Interest rate = 4%
Period = 10 months
Simple interest = $156.67 ($4,700 x 4% x 10/12)
Thus, the simple interest of $4,700 principal at 4% interest and 10 months is <u>$156.67</u> and its <u>maturity level</u> is <u>83%</u>.
Learn more about simple interests at brainly.com/question/
Answer:
1/4
Step-by-step explanation:
We need to use the following formula of distance .
Distance= speed * time .
For the first time
distance = 6r
And let the average rate for the second time be s
So distance = 5s
Since distance remains same, so we get
6r=5s
Now we have to solve for s. And for that we need to get rid of 5, by dividing both sides by 5, that is
And that's the required average rate for the second trip .
Answer:
A. Gasoline
Step-by-step explanation:
