<span>The interest of $1,832.00 the principle of $16,000 for 206 days user the ordinary interest methods to determine the rate. I=Prt 1,832=16,000*206/360*r 1,832=9,155.555556*r r=1,832/9,155.555556 r=0.20 = 20% The rate of the interest is -----------> 20%. </span>
Answer:
Rate = 6.56%
Step-by-step explanation:
Principal (P) = $5000
Interest (I) = $6312
Time (T) = 4 years
Rate (r) = ?
This question is involves simple interest and with the formula, we can easily plug in the values to find the rate.
S.I = P(1 + rt)
S.I = simple interest
P = principal
R = Rate
T = Time
6312 = 5000(1 + r*4)
6312 = 5000 + 5000*4r
6312 - 5000 = 20000r
1312 = 20000r
r = 1312 / 20000
r = 0.0656
Rate are calculated in percentage hence we'll multiply it by 100
R = 6.56%
Answer:
d=2r= 2·24=48ft
Step-by-step explanation:
If David has 83 CD's, and each rack holds 25, then David would need 4 racks. 4 racks will hold up to 100 CD's, where as 3 racks would only hold 75.
I'm not sure what 'Lin' has to do with this equation, but if she has 6 racks full of CD's then in total she has 150 CD's.
Hope this helps! :)
Answer:
14 3/4 years
Step-by-step explanation:
Let's assume compound inflation. The appropriate formula for that is:
A = P(1 + r)^t.
If we represent current prices by P, then double that would be 2P:
2P = P(1 + 0.048)^t Find t, the time required for prices to double.
Then:
2 = 1.048^t
Taking the natural log of both sides, we get:
ln 2 = t·ln 1.048, so that:
t = (ln 2) / (ln 1.048) = 14.78
At 4.8 inflation, with annual compounding, prices will double in approx. 14 3/4 years.
