Answer:
April took out a loan of $600 and paid it back with simple interest of $60 after 5 years. The formula to calculate interest is given the principal and the time and the interest rate is . For this problem we have to find the interest rate given . To archive that , we can just solve the equation making the interest rate the subject of the formula as shown below,
I= Prt
=> r= I/Pt
=> r= 60/600x5 = 1/50
The interest rate is 1/50 or 0.02 as a decimal. The interest rate is 2% as a percentage.
Answer:
$226.57
Step-by-step explanation:
3tenths because 5tenths=50 And 2tenths=20 so if you do 50-20 you will get 30 or if u do 20+30 you will get 50 so either way is fine
Answer:
Step-by-step explanation:
LOL get some fidgets or a stress ball. they help
