Answer:
6%
Step-by-step explanation:
We have to calculate the interest rate in the note, we must follow the following steps, calculate the amount of time remaining from the year 2021, as follows:
interest is for 5 months i.e. from Aug 01 to Dec 31 for year 2021
, so it means it would be 5/12 months.
We have to calculate the interest as follows:
I = P * R * T
We replace:
200 = 8000 * R * 5/12
we solve for R
200 * 12/5 = 8000 * R
R * 8000 = 480
R = 480/8000
R = 0.06
Which means that the interest rate on the note is 6%
There is no attachment to this questions so we do not know which table represents the following. If you re-question, I would be gladly able to do so.
No association because the dots are just scattered all over the graph
Negative association would be when the dots are going toward downwards
Positive association would be when the dots are going toward upwards
Divide 18000 by 24= get a calculater
