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

What's smallest in order, 7.7, 7.77, 7.17, 7.707

What organelle breaks down and recycle worn out cells?

If z=4-3i write z squared + 17 in the form a+bi, a,b E R.. Hence solve k(z2+17)=|z|(1-i)

The indus, Ganges, and Brahmaputra were important to ancient India because they were

why does vomit taste sour

If a barrel is 1/5 full and holds 16 litres how many litres will it hold when 1/2 full

Interesting facts in Scientific Notation

How were the governments of Japan and Italy similar in the 1930s? Check all that apply. Both were headed by groups of military leaders. Both used extreme nation

why did the mexican revolution mostly likely happen despite the reform efforts of Porfirio Diaz a.farmers and workers had no reason to use railroads b.diaz did

What was the most direct consequence of the passage of the Black Codes after the Civil War? the return to power of white Democrats a populist uprising against p