hi I have asked this same question over and over just cause I really need an answer but this is 244 points. of my grade and I re
ally need help I know slope formula but for some reason I'm really struggling and the answers to these question are probably looking at me straight in my face but I've been working on these for 3 days and I really need help. please look at both pages please and the slope has to be written as a fraction
1 answer:
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Answer:
3.2%
Step-by-step explanation:
-Let r be the simple interest rate per annum.
-Given the total amount after 1 year is 1857.60, the initial amount is 1800
#We use the simple interest formula to find the rate of interest:
Hence, the annual interest rate on the deposit is 3.2%