The annual interest rate is 3.5%.
Solution:
Given Interest (I) = $26.25
Principal (P) = $500
Time (t) = 18 months
Rate of interest (r) = ?
Time must be in years to find the rate per annum.
1 year = 12 months
Divide the time by 12.
Time (t) =
years
Now, find the rate of interest using simple interest formula.
<u>Simple interest formula:</u>






⇒ r = 3.5%
Hence the annual interest rate is 3.5%.
Answer:
b>44
Step-by-step explanation:
12/5<b-8/15
switch sides b-8/15>12/5
multiply both sides by 15 15(b-8)/15>12*15/5
simplify b-8>36
add 8 to both sides b-8+8>36+8
simplify
b>44
Answer: x = 10
Step-by-step explanation:
-x = 9
Whenever there's a negative number you always know there's a 1 in front of the x
-1x =9
+1 +1
equals x= 10