lucypink143 lucypink143

17-03-2021
Mathematics

contestada

You deposit $300 in an account. The account earns $54 simple interest in 4 years. What is the annual interest rate?

Respuesta :

GTjackets09 GTjackets09

17-03-2021

Simple interest = P*r*t

54 = 300*r*4
54/1200 = r

r=0.045 = 4.5%
r must be a percent when giving as an answer, decimal when used in a formula

Answer Link

Otras preguntas

What was Hemingway most likely experiencing physically and emotionally when he wrote The Old Man and the Sea?

What, according to Virginia Woolf, does a woman need in order to successfully write? Select all that apply. 1. self-esteem and a clear goal for writing 2. a hu

Unlike photosynthesis, cellular respiration occurs in select one: a. plant cells only. b. all eukaryotic cells. c. prokaryotic cells only. d. animal cells only.

Pedestrians with white canes and seeing eye dogs should always ______. a. be given the right of way b. stop and wait for someone to help them across the street

Aaron's boxes weigh 3.9 kilograms, 3.85 kilograms, 4.05 kilograms, and 4.12 kilograms. Estimate the total weight of the four boxes. A. 8 kilograms B. 12 kilogr

how do I solve (2n + 2)(6n + 1)

Which of the following structures is found in both eukaryotic and prokaryotic cells? A. Mitochondrion B. Lysosome C. Nucleus D. Cytoplasm

Which leader is most closely associated with the use of civil disobedience in a struggle to end colonial rule?

Bussinessmen / adventurers and true believers crossed the ocean to start colonies in the new world. Which colony was started by businessmen / adventurers? Which

What is the solution to the inequality below ?