Answer:
interest rate = 2.9%
Step-by-step explanation:
the principal is $25,000, the interest is $10,875
Number of years = 15
We use simple interest formula
I = P*r*t
Where I is the interest amount=10,875
P is the principal amount= 25000
r is the interest rate = r
t is the number of years = 15
Plug in all the value in the formula
I = P*r*t
10875 = 25000 * r * 15
10875 = 375000 * r
Divide both sides by 375000
r=0.029
We always write rate of interest in percentage so we multiply by 100
0.029 * 100= 2.9%
So interest rate = 2.9%
This is a true statement if the question's asking if it's true or false. hope this helps
Answer:
1/5
Step-by-step explanation:
What is the probability 1/5.
The most relevant answer is B
Answer:
<em>s= </em>-5.57 (rounded to the nearest hundredth)
Step-by-step explanation:
1. Multiply s and 2 by 7.
You'll get -7s-14. We'll come back to this later
2. Subtract 12 from 37.
You'll get 25
3. Add 14 to both sides so that you cancel out the -14.
The equation stands as -7s= 39
4. Divide both sides by -7 so that we leave <em>s </em>by itself.
s= -5.57142857
