Answer:
60
Step-by-step explanation:
Dividends are paid quarterly and it wants the annual amount, so you have to mulitply what you originally got by 4
or
75*.2*4=60
Answer:
C
Step-by-step explanation:
1 | 4 6 - 2
4 10
------------------
4 10 8 ← remainder
Rate of interest is 6 %
<em><u>Solution:</u></em>
Given in question that,
simple interest = $ 3240
number of years = 9 years
principal sum = $ 6000
To find: interest rate
<em><u>The simple interest is given as:</u></em>
Where, "p" is the principal
"r" is the rate of interest
"n" is the number of years
<em><u>Substituting the values in above formula,</u></em>
Thus rate of interest is 6 %