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

What is the result when the number 48 is decreased by 15%?

What dose ism mean in capitalism

The provinces of the Roman Empire were linked by stone-paved roads and kept their own legal system. A. true B. false

Why was the Erie Canal an instant success

Who were the Sons of Liberty ? What was their role leading into the American Revolution ?

It takes 5 hours for a car to go to Barcelona at a speed of 90 km / h. To what speed should go if it wants to take 4 hours?

Which of the following are types of public buildings used for polling places? Select all that apply. fire stations prisons libraries schools court houses

How Many grams Dissolve at 10

solve for x in 2x=9

Solve: y+1/2 – 2y-1/3 = 4