Answer:
A n y t h i n g y o u s a y ?
The answer is J. 42
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Answer:
5.5%
Step-by-step explanation:
To find the interest rate, use the equation: I = prt
I = Interest = $6,600
p = principal = $15,000
r = rate = unknown
t = time = 8 years
Now plug the numbers into the equation.
6,600 = 15,000 * r * 8
6,600 = 120,000 * r
Now isolate the variable by dividing both sides of the equation by 120,000.
0.055 = r
Now change the rate to a percent by moving the decimal point 2 digits to the right.
5.5% = r OR r = 5.5%
To see how they are related, let us solve the two equations.
FIRST EQUATION
SECOND EQUATION
Hence the solutions to the two equations are ADDITIVE INVERSE of each other.
Principal P = $500, Rate = 3 % = 3/100 = 0.03 would assume per year,
Time t = 6 months = (6/12) year = 0.5 year.
Simple Interest, I = P*r*t
= 500*0.03*0.5 = 7.5
And so therefore your answer is 7.5
Answer: d is correct
Step-by-step explanation:
