01-11-2020
Mathematics

contestada

Mike earned $67.00 in simple interest on an investment of $2800 after 9 months. What is the interest rate?

Respuesta :

HarleyNguyen HarleyNguyen

01-11-2020

Answer:

0.2659%

Step-by-step explanation:

r = (1/t)(A/P - 1)

r = (1/9)((2867/2800) - 1) = 0.00265873

r = 0.00265873

R = 0.00265873 * 100 = 0.2659%/month

Answer Link

Otras preguntas

Where is this beautiful beach known for its pink sand?.

Find the area of the polygon ABCDEF shown in the figure if AD-9 cm, AJ = 7 cm, Al = 6 cm, AH = 4 cm, AG=2 cm, BG=3 cm, CI=5 cm, EJ = 2 cm and FH = 4 cm.

....................

Can i use some help? im really confused on how to show my work and all

Question 9 of 20 Why are monopolies usually harmful for economies? A. They drive up prices by eliminating competition. B. They create inefficiencies by lowering

2 întrebări în germană cu fiecare tip:wie,wo,wer,wann,welches,was,warum,wie viel,var,wie alt,suchen Repede vă rog

how does the word displease relate to the word please

How did President Coolidge's use of the phrase "any system of injustice " help his argument for tax reform ?

What is the domain of the function y=

Which phrases describe S waves?