Answer with explanation:
Presume that, initial water level to be, 0 mm, at a time t=0.
And water level is rising at the rate of .
After 6.2 years level of water will be =1.8 × 6.2
=11.16 mm
→Averge, that is increase in water level after 6.2 years is given by
→→Rate of Depreciating of water level is given by = Negative of Increase of water level=
Answer:
6%.
Step-by-step explanation:
We have been given that Tammy deposited $520 in the bank account that earns simple interest every year after 5 years she had earned $156.
To find the interest rate we will use simple interest formula.
I= Interest.
P= Principal amount.
r=Annual interest rate (in decimal form).
T= Time in years.
We have been given that I=156, T=5, P=520
Upon substituting our values in above formula we will get,
Let us multiply 0.06 by 100 to convert annual interest rate in percentage.
Therefore, the annual interest rate was 6%.