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

What does -2/3÷2 1/4 equal on khan academy?
The sum of 4 and three times a number 19
Why would an author choose a third-person narrator? O A. To make the readers feel like they are in the story O B. To give the reader a more personal experience
H A and H B are both weak acids in water, and HA is a stronger acid than HB. Which of the following statements is correct? Select one: a. B is a stronger base t
2/9 rational or irrational
JODI IS GOING TO MULTIPLY A WHOLE NUMBER GREATER THAN ZERO BY TEN
Cameron rent is 2,308 per month and wants to pay rent in $100 dollar bills and $1 dollar bills. How many $100 dollar bills will Cameron need to pay his tent for
When using the Common Internet File System (CIFS), which security model does not require a password to be set for the file share?
A school-age child's does not grow in relation to his or her overall size. (A) brain (B) eyes (C) heart (D) lungs
Please help1.) The resulting figure after undergoing a transformation.A. ImageB. OrientationC. Transformation2.) The direction in which a figure is facing.A. Im