Answer:
18 ounces
Step-by-step explanation:
5 x 6= 30
3 x 6= 18
Answer:
He will need to save $295
Step-by-step explanation:
he needs 450 and he has 155, so all you would do is subtract 155 from 450 and you get the rest he needs which is 295
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%.