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3 years ago

Six years ago $1.200 was put in the bank and in the end earned $485 of simple interest. What was

Mathematics

1 answer:

Deffense [45]3 years ago

8 0

Correct principal is $1200.

Answer:

R = 6.736%

Step-by-step explanation:

Formula for simple interest is;

Interest = PRT/100

We are given;

Principal; P = $1200

Time; T = 6 years

Interest; I = $485

Rate; R =?

From, Interest = PRT/100, we have;

485 = 1200 × R × 6/100

Making R the subject gives;

R = 485 × 100/(6 × 1200)

R = 6.736%

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4 years ago

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vovikov84 [41]

Answer:

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Step-by-step explanation:

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__________________________________________________________

<u>Summary</u>

<u>Volume (Cone)</u>

$\displaystyle \large{V = \frac{1}{3}\pi r^2 h}$ where:—

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__________________________________________________________

If you have any questions regarding this problem or need clarification for my answer or explanation, do not hesitate to ask in comment! Good luck on your assignment and have a great day!

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