karla55
karla55
21-05-2017
Mathematics
contestada
Can someone please help me
Respuesta :
Seprum
Seprum
21-05-2017
Equation:
[tex]r = (\frac{1}{t})(\frac{P+I}{P} - 1)[/tex]
Calculation:
[tex]r = \frac{1}{2}(\frac{517}{500} - 1) = 0.017[/tex]
Solution: the annual simple interest rate is
1.7% per year
.
Answer Link
Justin23m
Justin23m
21-05-2017
0.17*500*2=170
$170 is the annual interest rate.
Answer Link
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