bryanjimenezvisuals bryanjimenezvisuals
  • 19-10-2020
  • Mathematics
contestada

If you loan $500 to a friend for 6 months and charge $50 total
in interest, what is the annual simple interest rate?

Respuesta :

DaSmartest1
DaSmartest1 DaSmartest1
  • 19-10-2020

Step-by-step explanation:

S=(P×R×T)÷100

R=(100×S)÷P×T, given that S= simple interest, P=principal amount,T=time and R=rate.

R=(100×50)÷500×6

R=1.67

Answer Link

Otras preguntas

You kick a 1.2 kg soccer ball at 24 m/s what is the mechanical kinetic energy of the soccer ball
why did the chicken cross the road? copy and paste for answer
What was a feature in the U.S. economy that contributed to the Great Depression?
Can someone tell me ideas how violence affects Life or tell me how it affects ur daily life
Savannah’s location contributed to the city’s early economic success because it enabled the city to
I WILL GIVE BRIANLIESTEscribía un párrafo corto que explique la idea central del artículo. Use menos dos detalles del artículo para apoyar su respuesta.The arti
Where did Monitor vs. Virginia battle take place
What changes would you like see within culture , gender, and race ?
v/5−6=3 please show how you got it thx
I need help with this algebra 2 question, please dont answer if you dont know