Answer:
The annual interest rate is 6.25%
Step-by-step explanation:
We have been given that
P = $50,000
I = $9,375
t = 3 years
r = ?
The formula for simple interest is given by
Therefore, the annual interest rate is 6.25%
The truck is 171.2%. if you calculate the percentage of 160 and add them together, you will get 171.2
Answer:
You will pay $4.31
Step-by-step explanation:
I know this because a fourth of $5.75 is 1.4375 so you would round it to $1.44 and then $5.75 - $1.44 is $4.31.
So you will pay $4.31 for one milkshake.
<h3>Answer: $26.62 </h3>
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Work Shown:
P = 20 is the amount deposited
r = 0.10 is the decimal form of the 10% interest rate
n = 1 means we compound 1 time per year (annually)
t = 3 is the number of years
Plug those four values into the compound interest formula below
A = P*(1+r/n)^(n*t)
A = 20*(1+0.1/1)^(1*3)
A = 20*(1+0.1)^(3)
A = 20*(1.1)^(3)
A = 20*1.331
A = 26.62
