delenewilliams1 delenewilliams1
  • 04-01-2015
  • Mathematics
contestada

With interest of $1,832.00 and a principal of $16,000 for 206 days, use the ordinary interest method to determine the rate.

Respuesta :

briemodee525 briemodee525
  • 04-01-2015
I = 1832 
P = 16000 
T = 206/365 years 
Rate of interest = [100*I] / [P*T] 
= [100*1832] / [16000*206/365] 
= 20.29% per annum
Answer Link
caitielittlep2ddz6 caitielittlep2ddz6
  • 25-03-2019

Answer:

20%

Step-by-step explanation:

Answer Link

Otras preguntas

Explain what is the same about two fractions that are like fractions
Explain what is the same about two fractions that are like fractions
Explain what is the same about two fractions that are like fractions
having troubles with inequalities.. 3.8x + 14.5 < 32
what is the sum of 7/10 and 6/100
which trinomial is equivalent to (3x-1)(x+4)
Explain what is the same about two fractions that are like fractions
having troubles with inequalities.. 3.8x + 14.5 < 32
which trinomial is equivalent to (3x-1)(x+4)
which trinomial is equivalent to (3x-1)(x+4)