Answer:
interest rate is 38.68 %
Step-by-step explanation:
Given data
installment = $60
time = 36 months = 36/12 = 3 years
principal = $1000
to find out
interest rate
Solution
we know student pay $60 for 36 months
so he pay total = 60 × 36 = 2160
total amount pay by student = $ 2160
so we can find interest rate by given formula
rate = (1/time)(amount/Principal - 1)
put the value time amount and principal here
rate = (1/3)(2160/1000 - 1)
rate = 0.386667
interest rate is 38.68 %
Answer:
6,000
Step-by-step explanation:
because it is a less amount of numbers to get to 6,000 than to get to 5,00
<span>If the clock is held at a
constant 0.0ºc over a period of 24 hours, the clock will be exactly the same as
the perfect clock because it is at a
constant 0.0</span> <span>ºc for 24. Meaning there is
no deviation on its reading</span>