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

having troubles with inequalities.. 3.8x + 14.5 < 32
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
which trinomial is equivalent to (3x-1)(x+4)
which trinomial is equivalent to (3x-1)(x+4)
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)
which trinomial is equivalent to (3x-1)(x+4)