6% or 0.06 is the simple interest rate the bank pays him.
<u>Step-by-step explanation:</u>
Sir Ving Spoon earned $5,436 on his $7,550 certificate of deposit.
From this given information,
It can be determined that the Principal amount is $7550 and the interest amount is $5436.
The CD is for 12 years. Therefore, the number of years is 12.
<u>To find the interest rate (r) :</u>
Using the simple interest formula,
Interest = P×r×t
where,
- P is the principal amount = $7550
- r is the rate of interest.
- t is the number of years = 12
⇒ 5436 = 7550 × r × 12
⇒ 5436 = 90600 × r
⇒ r = 5436 / 90600
⇒ r = 0.06
Multiply by 100 to represent in rate %
⇒ r = 0.06 × 100
⇒ r = 6%
∴ 6% or 0.06 is the simple interest rate the bank pays him.
Find the volume of the cone Vc
Find volume of sphere Vs
Volume of shaded figure Vsh=Vc-Vs
One hundred and ten thousand , four hundred and eleven
11000 + 400 +11
Answer:
Step-by-step explanation:
You've typed the equation incorrectly. 3^5x-1 = 3⁵x-1.
It needs to be typed as 3^(5x-1) = 7.
Answer:$382
Step-by-step explanation:
To get The interest for 4 years
Amount*rate*time*duration
165*0.0275*12*4=$217
165+217=$382
