6% or 0.06 is the simple interest rate the bank pays him.
<u>Step-by-step explanation:</u>
Sir Ving Spoon earned $5,436 on his $7,550 certificate of deposit.
From this given information,
It can be determined that the Principal amount is $7550 and the interest amount is $5436.
The CD is for 12 years. Therefore, the number of years is 12.
<u>To find the interest rate (r) :</u>
Using the simple interest formula,
Interest = P×r×t
where,
- P is the principal amount = $7550
- r is the rate of interest.
- t is the number of years = 12
⇒ 5436 = 7550 × r × 12
⇒ 5436 = 90600 × r
⇒ r = 5436 / 90600
⇒ r = 0.06
Multiply by 100 to represent in rate %
⇒ r = 0.06 × 100
⇒ r = 6%
∴ 6% or 0.06 is the simple interest rate the bank pays him.
Answer:
x = 6, y = -2
Step-by-step explanation:
24/4 = 6
x = 6
= (5x6)+8y=14
= 8y = 14 -30
8y = -16
y = -16/8
y = -2
Check: 5x6+8x-2= 14
The answer to this would be O
a and d b and c that's the answer
We are given the expression of the equation of a circle that is x2 + y2 + 14x + 2y + 14 = 0. Using ocmpleting the squares:
x2 + y2 + 14x + 2y + 14 = 0(x+7)^2 + (y+1) ^2 = -14 + 49 + 1(x+7)^2 + (y+1) ^2 = 36 center thus is at (-7,-1) and the radius is equal ot square root of 36 equal to 6.
