6% or 0.06 is the simple interest rate the bank pays him.
<u>Step-by-step explanation:</u>
Sir Ving Spoon earned $5,436 on his $7,550 certificate of deposit.
From this given information,
It can be determined that the Principal amount is $7550 and the interest amount is $5436.
The CD is for 12 years. Therefore, the number of years is 12.
<u>To find the interest rate (r) :</u>
Using the simple interest formula,
Interest = P×r×t
where,
- P is the principal amount = $7550
- r is the rate of interest.
- t is the number of years = 12
⇒ 5436 = 7550 × r × 12
⇒ 5436 = 90600 × r
⇒ r = 5436 / 90600
⇒ r = 0.06
Multiply by 100 to represent in rate %
⇒ r = 0.06 × 100
⇒ r = 6%
∴ 6% or 0.06 is the simple interest rate the bank pays him.
Answer:
s> 144 2/3
Step-by-step explanation:
I took the test in k12 and i got it right so yea !
Answer:
The answer is 6
Step-by-step explanation:
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Can someone please help me answer this my grade depends on it!
a. 3 gallons 1 cup
b. 15 cups
Answer:
Point-slope form equation line
Slope-intercept form is:
Step-by-step explanation:
Point-slope form equation line passing through points 
Slope = m =
slope-intercept form is:
y = mx +c
where : c = intercept of on axis
Equation of line passing through (-2,3) and (3,0).
Point-slope form equation line
For slope-intercept form open the brackets of Point-slope form equation l:
So, the slope-intercept form is:
