makinziesinger makinziesinger
  • 24-03-2021
  • Mathematics
contestada

6
Find the interest rate on an investment that paid out $1800 after 2 years
when the principal is $18000.

Respuesta :

oadeola19
oadeola19 oadeola19
  • 24-03-2021

Answer:

5 percent per annum

Step-by-step explanation:

interest rate:

interest: $1800

principal: $18000

duration: 2 years

1800/ 18000 * 100

result is 10%

Since interest is 10% in 2 years, 10% / 2

interest is 5% per year.

Answer Link

Otras preguntas

what is 22x^2 +16x +21
EarthWear's income before taxes is $36 million (rounded). Assume that the auditors have decided that 5 percent of this benchmark is appropriate for planning mat
What total charge qq must be distributed uniformly over a spherical shell of radius R=0.30mR=0.30m to produce an electric field with magnitude 700 N/CN/C at a p
If in total 5$ For 4 pounds of apples how much would each cost?
Which of the following statements is true of cause-and-effect relationships? O A. Each effect can have only one cause. O B. Each cause can have only one effect.
If f(x)=1.2x-3.5 and g(x)=-0.3x+5.8 what is the value of x if f(x)=g(x)?
The Iceberg Kid, infamous for imposing a deep freeze on whoever disagrees with him, discovers that in his advanced teenaged years his hands constantly feel chil
How did Christianity develop during the Pax Romana​
Diaz Company owns a machine that cost $125,500 and has accumulated depreciation of $91,800. Prepare the entry to record the disposal of the machine on January 1
Explain why the price system leads to greater choice for consumers than is available in centrally planned systems.