punky7oz81o2 punky7oz81o2

15-11-2017
Mathematics

contestada

A $7000 investment earns $840 annual simple interest in one year. What is the annual interest rate?

Respuesta :

kearnsal16 kearnsal16

15-11-2017

The answer would be 12 % annual interest rate!
Hope i helped

Answer Link

15-11-2017

The interest rate is the percentage of the investment made up by the interest.

[tex] \frac{840}{7000} [/tex] = 0.12, or 12% percent.

Hope this helps!

Answer Link

Otras preguntas

two structural characteristics that triglycerides and phospholipids have in common

Which of leonardo's experiments ended disastrously?

What is the ratio for the volumes of two similar spheres given that the ratio of their radii is 2:7

What advantage did the Japanese have in the Pacific Theater?

For what purpose were oldowan tools most likely used

(1) Learning to ski when you're not a little kid anymore can be downright humiliating. (2) But I'm here to tell you, there are ways to avoid the embarrassm

Conduct additional research to determine which economic philosopher you believe has the most positive effect on the United States economy today. Analyze the imp

Match each method of erosion with the correct definition. 1. transport of large boulders along the bottom of a riverbed saltation 2. rocks carried by the riv

Choose the correct x-intercepts for the following quadratic function. a. x = 1, x = 3 b. x = 4, x = –3 c. x = 2, x = –7 d. x = 2, x = –1

what do you expect to read in an essay with this thesis statement