miasyriani miasyriani

15-12-2020
Mathematics

contestada

You deposit $400 in an account. The account earns $18 simple interest in 9 months. What is the annual interest rate

Respuesta :

joelking345722 joelking345722

15-12-2020

Use the formula,

I = Prt

P = Principal amount = 400

I = interest = 18

r = annual rate

t = time in years = 9/12 = 3/4

so,

18 = 400*r*3/4

r = 0.06

so the annual interest rate is 0.06 or 6%.

Answer Link

Otras preguntas

Name the countries in Great Britain?

simplify -4(x+1)+3x and then evaluate when x=1

why do you think the festival we celebrate differ from place to place

How immigration intensified ethnic and cultural conflicts in the US?

Suppose a man's scalp hair grows at a rate of 0.35 mm per day. What is the growth rate in feet per year?

Approximate the solution to the equation f(x) = g(x) using three iterations of successive approximation. Use the graph as a starting point. (SCREENSHOT) I tried

5. Nathan wants to purchase electric drums from a music dealership in England. The drums cost £4000 and Nathan has saved R50 000. The rand/pound exchange rate i

PLEASE HELP IM STUCK

(2*2)^2-(3+(2*2)/(6-4) EXPLAINED PLEASE

Simplify 5x√3x-2x√3x -x√3x