Question 1)
Given
Interest I = $18
Principle P = $200
t = 1.5 years
To determine
Interest rate r = ?
Using the formula


susbtituting I = 18, t = 1.5 and P = 200


or
r = 6% ∵ 0.06 × 100 = 6%
Therefore, we conclude that the interest rate required to accumulate simple interest of $18.00 from a principal of $200 over 1.5 years is 6% per year.
Question 2)
Given
Interest I = $60
Principle P = $750
Interest rate = 4% = 0.04
To determine
Time period t = ?
Using the formula to calculate the time period



years
Therefore, the time required to accumulate simple interest of $ 60.00
from a principal of $ 750 at an interest rate of 4% per year is 2 years.
Answer:
$25
Step-by-step explanation:
37.50-12.50=$25.00
#2 5.88 #3 6.510 #4 7.578 #5 9.835 #6 11.910 #7 3.72
Answer:
60
Step-by-step explanation:
45/9=5 an 12x5=60
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