ChristonT263514 ChristonT263514

28-10-2022
Mathematics

contestada

What interest rate would yield P1,200 interest on P10,000 in 2 years?

Respuesta :

EdlynT597618 EdlynT597618

28-10-2022

beLet the interest rate is r%

By question

[tex]\begin{gathered} 10000\times\frac{r}{100}\times2=1200 \\ 2\times100\times r=1200 \\ r=\frac{1200}{200} \\ r=6 \end{gathered}[/tex]

So the interest rate is

6%

Answer Link

Otras preguntas

The town of Madison has a population of 25000 The population is increasing by a factor of 1.12 each year. Write a function that gives the population P(t) in Mad

What motivated people to break into the watergate complex

Number 1 and its grader than or less and why Thank u

At the beginning of the year, manufacturing overhead for the year was estimated to be $285,690. At the end of the year, actual direct labor-hours for the year w

Find the quotient. 2y/5x / y/6x

Please help me with this

9. A 50 kg physics i student trudges from the 1st floor to the 3rd floor, going up a total height of 13 m. Calculate the work done by the student

What did Sabriel do when she realized that Bunny was dead?

Conchita quiere ser profesora de historia. Le encanta viajar, estudiar la historia de los países y mirar los puntos de referencia y lugares históricos de los pa

Elijah uses two-thirds cup of sugar for one batch of cookies. How much sugar will he use in 2 batches of cookies