nicolemosquera
nicolemosquera nicolemosquera
  • 16-06-2022
  • Mathematics
contestada

Find the interest rate for a principal of $8635 and charged $33549 in interest for 11 years.
Round your answer to 1 decimal place.

Respuesta :

HakinHak
HakinHak HakinHak
  • 27-06-2022

Answer:

rate = 0.4 %

Step-by-step explanation:

Interest = principal x rate x time

33549 = 8635 x r x 11

33549 = 94985r

r = 33549/94985

r = 0.3532

r = 0.4

rate = 0.4 %

Answer Link

Otras preguntas

What was the 3/5 Compromise?
How many shared pairs of electrons are shown?
How has the North American free trade agreement affected Mexico?A. decline of manufacturing industries B. closer economic ties with the United States and Canada
Pls help me I’ll give 20 points
Does anyone know this solution for this equation?
what are those areas or concern of industrial psychology​
Give the following number in Base 10. 548 = [ ? ]10
Triangle ABC has perimeter 22cm AB = 8cm BC = 5cm By calculation, deduce whether triangle ABC is a right-angled triangle
Describe india in terms of its exact position (degrees minutes and seconds)​
solve the linear system using elimination -5x + 3y = 19 -5x + 7y = 11