Use this formula: A = P(1 + r/n)^nt, where A is the amount after interest (what you are solving for), P is the amount you invested originally, r is the rate at which it was invested in decimal form, n is the number of times the compounding occurs each year, t is the time in years it is invested. It would look like this: A = 500(1 + [.06/12])^12*5. Do inside the parenthesis first to get 1 + .005 = 1.005. Now raise that to the 60th power (12 times 5 is 60) to get 1.34558. Now multiply that by the 500 out front to get a total amount of $674.43
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%
Answer:
11
Step-by-step explanation:
198 ÷ 18 = 11
x = 11
......
Answer:

Step-by-step explanation:
We require 2 equations with the repeating digits (63) placed after the decimal point.
let x = 0.636363..... (1) multiply both sides by 100
100x = 63.6363... (2)
Subtract (1) from (2) thus eliminating the repeating digits
99x = 63 ( divide both sides by 99 )
x =
=
← in simplest form