jihanlee246 jihanlee246

14-12-2021
Mathematics

contestada

You put $400 in an account account balance nine months later is now $418 what is the annual interest rate

Respuesta :

EnergyStudies EnergyStudies

14-12-2021

Answer:

6% a year

Step-by-step explanation:

r=(1/t)(A/p-1)

r= 1/9((418/400)-1) = 0.005

0.005*100 (for percentage) = 0.5%

rate monthly is 0.5%

0.5*12= 6

yearly is 6%

Answer Link

Otras preguntas

Round the following numbers to 2 decimal places 0.2731.5956.4732.5710.42544.556482.3643325.1741

What is the are of the polygon below?

The sum of a number and 3 times the same number is 100. What is the number?Equation: Solution:

Which of the following was probably not a stock phrase in eighteenth-century poetry? a) verdant mead b) checkered shade c) simian rivalry d) shining sword e) bo

How could you narrow your topic about going to see a new movie? A) use categories to organize your ideas about the movie be) use cubing to gather details about

how many legs do phytoplankton have

what are the 3 requirements listed for members of the senate

Use two examples to describe how insensitivity by the British toward Hindu and Muslim religious traditions caused the Sepoy Rebellion.

What are the pH changes in the stomach before and after taking an antacid tablet?

multiple choice I realy need a help!!!!! 1) Eric lives in Aurora City.He read an article in his local newspaper about a proposed ordinance increasing the local