nataliajaquez02
04.04.2020 •
Mathematics
If $500 yields $51.76 in simple interest over 7yrs, what is the annual rate? Answer need to be rounded to the nearest thousandth
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Ответ:
The annual rate of interest is 1.479%.
Step-by-step explanation:
Given,
Principle (P) = $500
Interest (I) = $51.76
Time (T) = 7 years
To find out the rate of interest (R).
Formula
Simple interest (I) =
According to the problem,
= 51.76
or, R =
or, R =
= 1.4788 = 1.479% (approx)
Ответ:
1.5%
Step-by-step explanation:
Principal, P = $500
Simple interest S.I. = $51.76
Period, T = 7 years
Simple interest = P*R*T / 100
Let's make rate, R the subject of formula
R = 100 * S.I. / P * T
Slot in the respective values
R = 100 * 51.76 / 500 * 7
R = 1.5%
Ответ:
3. c= 16
4. y= 13
5. y= -9
6. s= -4
7. x= -2
8. x= 4
9. x= -2/7
10. y= 28/5