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.
for a line in the form of y=mx+b, the slope is m and he y intercept is b.
y= -3/4x + 3/2m = -3/4, b=3/2
By trial and error, I got it first correctly. The granola
bars cost $1 each and the yogurt is $.50 per cup. By plugging this in to each
equation, you'll see that 12 granola bars equals $12, and 7 cups of yogurt
equals $3.50, for a total of $15.50. The second account would produce $6 +
$5.50, which equals $11.50.
Answer:
Step-by-step explanation:
We know that the area of the circle is 40 yards, so the area of the circle would be 40 yards.
this isn’t an answer but uhm, why are you doing 5th grade equations in HIGH SCHOOL
