simbluesky336 simbluesky336

24-02-2022
Mathematics

contestada

After 8 months , $750 simple interest was owed on a loan of $9,000. find the annually interest rate.

Respuesta :

devishri1977 devishri1977

24-02-2022

Time = 8 months =8/12=2/3 years
P=$9000
I=$750
Rate of interest = (I * 100)/P*t
= (750*100)/9000 * [2/3]
= 75000/3000*2
= 12.5%

Answer Link

Otras preguntas

Iman has 48 months to save $18,000, the maximum amount he estimates his first year of college will cost. he does not want to depend on interest, and does not co

what is the slope line that passes through (-2,3) and 5,8)

Identify the author's purpose in the example below- A brochure about antelopes from the zoo

How many american presidents have been assassinated.

A can ofvegetables has a height of 6% inches and a radius cl 2.5 inches. What is the volume of the can, in cubic inches? Use 3.14 for . Round your answer to the

What accounts for the growing popularity of movies during the 1920s in the United States? A They offered the only affordable form of entertainment for most citi

A fee charged by the government on citizens and businesses

giving brainiest :) ^^

Drag the tiles to the correct boxes to complete the pairs. Match the systems of equations with their solution sets. y + 12 = 1² + s s+y = 3 y - 17 = 12 -9r - +

50 pts!!!! Please no links! Graph the function on the interval [−3, 3] ? f(x)=⌊x⌋−2