sofiarvargas09 sofiarvargas09
  • 04-03-2022
  • Mathematics
contestada

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

Respuesta :

mdilipthapamagar
mdilipthapamagar mdilipthapamagar
  • 04-03-2022

Answer:

6% Ans

Step-by-step explanation:

p =$400

i=18

t=9/12 = .75 year

Now

si=ptr/100

18=400*.75*r/100

1800=300r

r=1800/300

r=6% Ans

Answer Link

Otras preguntas

Find the roots of the following equation 4x^2+4x=3 by both factorization and completing the square
Would you rather live in the north or south carolina in colonial times
Fish may face extinction even though fish are a renewable resource.
Can someone help me in the last one's ? number 49, 50, 51, 52
Plasma consists mostly of _
Invertebrates with spine skin are echinodemata which would include animals like
State the X- and Y- intercepts of each function. -X + Y = -2
what is a temperature where the vapor pressure of a liquid equals the atmospheric pressure.
A pound of beans costs $4.70. Mrs. Patel buys 6.5 pounds of beans. How much dose she pay for the beans ?
If a single card is drawn from a standard 52-card deck, what is the probability that it is either a heart or king