Answer:
6%.
Step-by-step explanation:
We have been given that Tammy deposited $520 in the bank account that earns simple interest every year after 5 years she had earned $156.
To find the interest rate we will use simple interest formula.

I= Interest.
P= Principal amount.
r=Annual interest rate (in decimal form).
T= Time in years.
We have been given that I=156, T=5, P=520
Upon substituting our values in above formula we will get,




Let us multiply 0.06 by 100 to convert annual interest rate in percentage.

Therefore, the annual interest rate was 6%.
True u have info on the book brooo/mate Supreme bro
Answer:
$34 and 77.8 miles
Step-by-step explanation:
The computation of the amount for traveling 25 miles is shown below:
Since it is given that the rental company charges $2.75 plus $1.25 for each mile
So for 25 miles, the cost you have to pay is
= $2.75 + 25 miles × $1.25
= $2.75 + $31.25
= $34
Now for traveling for $100, the miles should be traveled is
= ($100 - $2.75) ÷ 1.25
= 77.8 miles
Hence, the same is to be considered
The final balance is $64,599.38.
The total compound interest is $55,599.38.