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

The quantity q varies inversely with the square of m and directly with the product of r and x. When q is 2.5, m is 4 and the product of r and x is 8. What is th

The volume of a cylinder is 288 cubic inches. The radius of the circular base is 4 inches. What is the height of the cylinder? 9 inches 12 inches 18 inches 36

Which of these numbers is between 1 and 3/4 ? A.Begin fraction seven over four end fraction B.Begin fraction five over eight end fraction C.Begin fraction se

what is 4 hours 45 mins after 4:25 a.m.

Why is the Tang Dynasty called a golden age for China? A. It was a time of harmony, stability, and achievement. B. Much gold was imported from the West and tra

Vineet solved a system of equations by substitution. In his work, he substituted an expression for one of the variables and solved for the value of the other. T

What is the function of cholesterol molecules in a cell membrane

The Matter of England refers to

why did victor hugo write Les Miserables

Which pair of leaders used political purges including the killing of opposition groups as a means of maintaining control of the government