Based on the calculations, the interest rate on the stock in four (4) years is equal to 7.1%.
<u>Given the following data:</u>
Amount borrowed (Principal) = $22,000.
Simple interest, I = $78.40.
Time = 4 year.
To determine the interest rate on the stock in four (4) years:
<h3>How to calculate simple interest?</h3>
Mathematically, simple interest can be calculated by using this formula:
I = PRT
<u>Where:</u>
- S.I is the simple interest.
- P is the principal or starting amount.
- T is the time measured in years.
Making R the subject of formula, we have:
R = I/PT
Substituting the given parameters into the formula, we have;
R = 6260/(22,000 × 4)
R = 6260/(88,000)
Interest rate = 0.071 = 7.1%.
Read more on simple interest here: brainly.com/question/24341207
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Answer:
18 students is the amount that passed the test
so the fraction would be 18/24, which can be simplified to 3/4, which is 75% of the class.
75% of the class passed
0.75% of the class passed
Hello there!
28 recipes .......> 100%
15 recipes .......> x%
Cross multiply
28x = 15*100
28x = 1500
x= 1500/28
x ≈ 53.5%
She makes 53.5% of the recipes.
I hope that helps!
Answer:
3x =50 2x= 50
Step-by-step explanation:
because if 3x is 50 and 2x is 50 then you have the 80 degree angle that makes a straight angle which is 180 degrees.
Answer:
564576676676674693963699338283853
