Naomiiiii
Naomiiiii Naomiiiii
  • 04-01-2017
  • Mathematics
contestada

Find the annual simple interest rate.

I=$426, P=$1200, t=5 years

Respuesta :

Аноним Аноним
  • 04-01-2017
1200 * i * 5 = 426
6000i = 426
i =426 / 6000
i =0.071

0.071 = 7.1%

answer: annual simple interest rate = 7.1%
Answer Link

Otras preguntas

You started with $15 and save eight dollars each week what algebraic expression models the total amount you have
How are the angles of an equilateral triangle related
One way to get consistent valid data is to
Simplify (x + 4)(x2 − 6x + 3).
How are "Ode to Mi Gato" and "The Cat and the Moon" different? A. "Ode to Mi Gato" is serious and somber in tone, while "The Cat and the Moon" is light and s
4x-9=10x trying to solve for a perimeter of a square
How would you graph and table y=x+5
Suppose that 11 inches of wire costs 66 cents. At the same rate, how much (in cents) will 31 inches of wire cost?
Explain how you know whether to add or subtract when you use the distributive property to multiply
why did the British put all those tax laws on the colonist