Answer:
- 5.9%
Step-by-step explanation:
Data provided in the question :
Future value of the amount invested = $4,600
Principle i.e amount of purchase = $7,500
Time, n = 8 years
Now,
let the interest rate be 'i'
using compounding
$4,600 = $7,500 × (1 + i)⁸
or
0.613 = (1 + i)⁸
or
1 + i = 0.941
or
i = -0.059
or
interest rate = - 5.9%
Here negative sign means loss
Answer:
X=3
Step-by-step explanation:
Divide both sides by -5
Answer:
9
Step-by-step explanation:
6 divided by 2/3 = 6 x 3/2 = 18/2 = 9
hope this helped!
Answer:
Step-by-step explanation: im guessing 1