The PERCENTAGE ANNUAL RATE is 9.0% to the nearest tenth using the SIMPLE INTEREST FORMULA
The question is related to a SIMPLE INTEREST problem:
Loan period = 60 days
using 365 days a year ;
converting to years , 60 days = (60 / 365) years
interest on loan = 73.97
principal = 5000
Using the formula:
interest = (principal * rate * time)
73.79 = (5000 * rate * (60/365)
Rate = 73.79/(5000 * (60/365)) =8.977%
rate = 9%
Therefore, PERCENTAGE ANNUAL RATE is 9.0%
Answer:
91
Step-by-step explanation:
Todd’s average score for six tests = 92.
The sum of two of her test = 188
First, we need to find the total score for the six test. This given below:
Average = sum of all test / number of test
sum of all the test = average x number of test
average score for six tests = 92.
Number of test = 6
Sum of all the Tests = 92 x 6 = 552
Sum of four test = sum of all the test — sum of two test
Sum of four test = 552 — 188 = 364
Now we can solve for the average of the other four test as shown below:
Average of four test = 364/4= 91
Answer:
39.9
Step-by-step explanation:
8 months
Step-by-step explanation:
