delenewilliams1 delenewilliams1
  • 04-01-2015
  • Mathematics
contestada

With interest of $1,832.00 and a principal of $16,000 for 206 days, use the ordinary interest method to determine the rate.

Respuesta :

briemodee525 briemodee525
  • 04-01-2015
I = 1832 
P = 16000 
T = 206/365 years 
Rate of interest = [100*I] / [P*T] 
= [100*1832] / [16000*206/365] 
= 20.29% per annum
Answer Link
caitielittlep2ddz6 caitielittlep2ddz6
  • 25-03-2019

Answer:

20%

Step-by-step explanation:

Answer Link

Otras preguntas

Without the discovery of magnetic reversals recorded on the ocean floor, scientists a could not confirm the usefulness of sonar b could destroy the hypothesis
Find the area. A. 1100 m2 B. 533 m2 C. 1066 m2 D. 338 m2
Simplify. 8m+4n+7m−2n A. 17mn B. 15m + 2n C. m + 2n D. 15m + 6n Please help me
When Fallon is on the stage at the White House, his persona is: A. serious and formal. B. silly and outgoing. C. humble and shy. D. calm and grateful. SUBMIT
How did the second great awakening help the abolition movement? A-Religious Leaders helped the abolition movement gain support in the south B- People in the Nor
can someone help me with algebra? i'm lost on everything. i'm a junior in high school.
Please help me!!!!!!!!!!!!!
please show me how to solve for z 8-12z=92
A family buys 5 airline tickets online. The family buys travel insurance that costs $19 per ticket. The total cost is $915. Let x represent the price of one tic
help plz it would mean alot to me