mahibahmohammad36 mahibahmohammad36
  • 24-02-2022
  • Mathematics
contestada

$500 earn $30 interest in 5 years. Find the interest rate.
please show your steps!

Respuesta :

madilynnlipp47 madilynnlipp47
  • 24-02-2022
1.2%

I=p•i•t
i=I/p•t
i=30/500•5
i=0.012=1.2% per year




Answer Link

Otras preguntas

How did the colonists justify their protests and ultimate rebellion ?
what famous ancient greek mathematician came up with an approximate value of pi by circumscribing and inscribing circles in and around regular polygons?
Whats the answer to 45=x(14-x)
If snow is falling at a rate of 1/4 inch every 30 minutes, how much snow will fall in 4 1/2 hours.
Three consecutive even numbers add up to a number between 100 and 120. What might the numbers be?
Write 115.9% as a fraction
Eric and Frank want to equally share 4/3 feet of rope. What length of rope should each friend get? Explain how to use a drawing to help solve the problem.
If snow is falling at a rate of 1/4 inch every 30 minutes, how much snow will fall in 4 1/2 hours.
How did the colonists justify their protests and ultimate rebellion ?
Determine whether these functions are invertible. Find inverses of the invertible functions. (a) f(x) = x−2. (b) f(x) = x^{2}, where x ∈ R. (c) f(x) = x^{2}, wh