crazyco1003 crazyco1003

13-07-2017
Mathematics

contestada

If $400,000 bonds are issued on january 1 and pay $24,000 interest annually, what is the rate of interest?

Respuesta :

joseph33 joseph33

13-07-2017

Let r% be the rate.
400000x r% x 1=24000
400000x r% =24000
400000x r/100=24000
400000x r=24000 x 100
400000x r=2400000
r=2400000/400000
r=6
The rate of interest is 6%.

Answer Link

Otras preguntas

Which of the following might be contained in stage direction A.Lines spoken by a narrator B.A speech by the main character C.A description that tells what the s

How do you find the slope of an equation for example y=2x-1

The turning point in Greek history was the _____. A. Persian Wars B. Hellenistic Period C. Peloponnesian Wars D. Alexander Period

72 is 45% of ______-

In which sentence does the verb agree with the subject? A. Either tennis balls or softballs are in the garage. B. Either the coach or the umpire have explained

Why did so many settlers move to California after 1848?

Which were the first artistic representations created by humans?

in which of the following can a change be directly observed A.alleles B.Genotypes C.Phenotypes D.Mutations

This great Mogul ruler brought peace and order to India in the 1500s. A. Abu al- Abbas B. Akbar C. Suleiman I D. ‘Uthman

find the total cost of the nearest cent $49.95 CD player; 5% tax