andrewsucksatmath andrewsucksatmath
  • 01-03-2017
  • Mathematics
contestada

Find the annual interest rate. I=$562.50, P=$1500, t=5 years I $ 562.50 P $ 1500 t 5 years The annual interest rate is %

Respuesta :

220287
220287 220287
  • 01-03-2017
I = PRT   562.5 = 1500 R(5) 
               562.5/5 =1500 R 
               112.5 = 1500 R 
               112.5 / 1500 = R 
                    0.075 = R 
                    R = 7.5%
Answer Link

Otras preguntas

If the units for x are feet and the units for a(x) are pounds per foot, what are the units for da/dx?
Given his purpose, to what place should Jared round 2,312?
Billy wants to buy 657 mugs. The mugs are sold for a price of 3 for $4. How much must Billy pay for all the mugs?
compare Florida's northwestern highlands and the coastal lowlands
What are the vertex and axis of symmetry of the equation y=-2x^2 8x-18?
What were the key factors that convinced the South that it could not obtain justice within the American Union?
The colonial forces under Gates' command fought bravely against the British at Camden, South Carolina. true or false
HI! Did I do this right or was I supposed to combine 5x and 7x by adding them rather than subtracting on both sides ?
What Martin Luther King intends to say in this sentence: "War is a poor chisel to carve out tomorrow."
You are unloading your firearm. you start by pointing the muzzle in a safe direction. what is the next step you should take?