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

If f(x)=x+7 and g(x)=1/x what is (fog)(x)
Why do some animals have whiskers?
If scientists are wrong about Earth's age based on radioactive material and the decay rates are really much faster, how would nuclear power plants be affected?
Graph the equation. y=4x^2+8x+7
Help me with german please
[WILL GIVE BRAINLIEST - 40 POINTS] Can someone answer these questions FULLY in French. Merci! qui était ton meilleur ami/ta meilleure amie, et comment était ce
In an equilateral triangle, each angle is represented by 5y+3. What is the value of y? A. 9.7 B. 10.8 C. 11.4 D. 7.2
Which type of website is mostly to be biased when proving information about a product
Graph the equationy=x^2 -[tex]y = x^{2} - 2[/tex]
During takeoff, the sound intensity level of a jet engine is 170dB at a distance of 34 m. what's the sound intensity level at a distance of 1.0 km?