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Naddika [18.5K]
3 years ago
10

Fiano borrowed $550. Four months later, he sent a cheque for $562.83 to repay the loan and interest. What was the interest rate

charged?PLS help I realllyneed it.
Mathematics
1 answer:
Digiron [165]3 years ago
4 0

Answer:

Rate = 0.7%

Step-by-step explanation:

Rate = Interest / (principal x time)

rate = 12.83 / ((550) x 12/4)

rate = 12.83 / (550 x 3)

rate = 12.83 / 1650

rate = 0.007

rate = 0.7%

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Answer:

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Step-by-step explanation:

If Ryan drinks 1 1/2 liters of water every 3/4 of an hour at a constant rate, this can also be expressed as;

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To get the amount of litres Ryan drank for 1 hour

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Divide both equations

(3/2)/x = (3/4)/1

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6x = 12

x = 12/6

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<em>Hence Ryan drinks 2 litres of water in an hour</em>

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3 years ago
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