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:
C
Step-by-step explanation:
General probability is 3+5+4=12
3+4=7 (oranges and bananas answer is c
1. 9/10 + 7/9 = 81/90 + 70/90 = 151/90 = 1 61/90
2. 1/2-3/11 = 11/22-6/22 = 5/22
3. 2/5-1/15 = 6/15-1/15 = 5/15 =1/3
Answer:
honestly I have no idea
Step-by-step explanation:
1x-3x=2x
to multiply it by 2 because two is the dividend and that is closest to 1
