mahibahmohammad36 mahibahmohammad36

24-02-2022
Mathematics

contestada

$500 earn $30 interest in 5 years. Find the interest rate.
please show your steps!

Respuesta :

madilynnlipp47 madilynnlipp47

24-02-2022

1.2%

I=p•i•t
i=I/p•t
i=30/500•5
i=0.012=1.2% per year

Answer Link

Otras preguntas

What was the economy like in the south compared to the north?

If the market rate of interest is 6 percent, what is the present discounted value of $1,000 that will be paid in

When elements are arranged in order of increasing atomic number, there is a periodic repetition of their physical and chemical properties Mendeleev's Law the Pa

Who introduced the Virginia resolution proclaiming that “these United Colonies are, and of right ought to be free and independent states”? A. Thomas Paine B. Ge

Dependent clause and independent clause

handwashing should be conducted with water that is? 75 degrees (warm) 100 degrees (hot)

the Hobbs family has a fixed income of $4,500 per month. their fixed expenses are $2,200 per month. What is the maximum amount the hobbs family could save each

What does it mean when #DIV/0! is displayed and a green triangle is added to the upper-left corner of a cell?

The central nervous system _____. a. includes the automatic and other nervous systems b. consists of the brain and spinal cord c. includes the peripheral and au

Which is an example of a short-term investment? savings bond savings account retirement fund checking account