The annual interest rate is 3.5%.
Solution:
Given Interest (I) = $26.25
Principal (P) = $500
Time (t) = 18 months
Rate of interest (r) = ?
Time must be in years to find the rate per annum.
1 year = 12 months
Divide the time by 12.
Time (t) =
years
Now, find the rate of interest using simple interest formula.
<u>Simple interest formula:</u>






⇒ r = 3.5%
Hence the annual interest rate is 3.5%.
I hope this helps you
x^5.y^2.z/x^2.y
x^5-2.y^2-1.z
x^3.y.z
The correct answer is (A) this is because if you add 25 and 8 cents you get 32 and that becomes a negative number because they are asking how much it droped which i decreasing which is negative so your answer is -0.32 (A)
It would be 384.58, or 384.57909