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%.
Answer:
c
Step-by-step explanation:trust
Answer:
It would be 2
Step-by-step explanation:
A (0, 3) *2= A' (0,6)
B (2,3)*2= B' (4,6)
C (3,2)*2=C' (6,4)
D (1,2)*2=D' (2,4)
Answer:
18$ you're welcome!
Step-by-step explanation: