battle12one battle12one

09-03-2021
Mathematics

contestada

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

Respuesta :

jkaatz21 jkaatz21

09-03-2021

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

Graph the six terms of a finite sequence where a1 = 5 and r = 1.25

What is it important to remember when grouping into an outline

When starting a new job the form you complete to determine how much tax would withhold from your paycheck is called the A- 1040EZ B-1099 C-W-2 D-W-4

Which of the following is known as a partnership agreement? articles of partnership distribution of assets shared liability the Uniform Partnership Act (UPA)

what does vascular mean

what is the main function of the central vacuole in a cell? A. Breaks down molecules to release energy B. absorbs energy from the Sun to produce food C. contain

15,598 people attended at a music festival. How does the value represented by the 5 in the hundreds place compare with the value of the 5 in the thousands place

What is one activity that President Franklin Pierce did after office

What is the most important consideration when planning your budget?

PLEASE HELP ME!!!!Choose the point-slope form of the equation below that represents the line that passes through the points (−3, 2) and (2, 1) A) y + 3 = −5(x