We would need to use the simple interest formula given by:
I = Prn
In this case, I = $402.50
P = $2300
N = 2 years
Sub these values into the equation,
402.50 = 2300 x r x 2
402.50 = 4600r
Divide both sides by 4600 to get r,
r = 0.0875
Multiply 0.0875 by 100 to get the percentage rate,
0.0875 x 100 = 8.75%
Hope this helped!
=(new-old)/old *100%
=(90-75)/75 *100%
=20%
<span> hope it helps</span>
Interest gained for a particular period equals to Money invested (kept) in Savings account for that period <em>multiplied by </em>Interest accrued on this money.
Therefore, Accrued interest i(x) = h(x) * s(x) = 200 * [ (1.05)x - 1 ],
where x is the number of years for which money is invested.
So, new function i(x) = (210)x - 200 .
Answer:
9 and 10
Step-by-step explanation:
The sqaure root of 85 is 9.21954445729.
9.21954445729 is greater than 9 but less than 10, meaning it falls in between them.
