Determine the loans simple interest rate

Reference no: EM13288539

The principal P is borrowed and the loan's future value, A, at time t is given. Determine the loan's simple interest rate, r, to the nearest tenth of a percent.

P = $4,600.00, A = $4,824.25, t = 9 months

Reference no: EM13288539

Questions Cloud

What is the payback period of the ice cream cart : Cart sales are expected to be $1,800 a year for three years. After the three years, the cart is expected to be worthless as that is the expected remaining life of the cooling system. What is the payback period of the ice cream cart.

Define what was the molarity of the solution : A volume of 40.0 mL of aqueous potassium hydroxide (KOH) was titrated against a standard solution of sulfuric acid (H2SO4). What was the molarity of the solution if 19.2 mL of 1.50 M H2SO4 was needed? The equation is 2KOH(aq)+H2SO4(aq)=K2SO4(aq0+2..

How does the power dissipated by the resistors : Consider resistors R1 and R2 connected in series E R1 R2 and in parallel E R1 R2 to a source of emf E that has no internal resistance. How does the power dissipated by the resistors

Find largest value of resistance for the series combination : A box contains resistors whose values are independent and areuniformly distributed between 100 and 120 ohms. If two resistorsare selected at random and connected in series, find a. the most probable value of resistance for the series combination

Determine the loans simple interest rate : The principal P is borrowed and the loan's future value, A, at time t is given. Determine the loan's simple interest rate, r, to the nearest tenth of a percent.

Find the greatest beat frequency the listener : A turntable 1.90 m in diameter rotates at 78.0 rpm . Two speakers, each giving off sound of wavelength 30.6 cm, find the greatest beat frequency the listener

Compute the concentration of lead in the snow in ppm : An analyst collects and melts 555.0 g of snow. a 100 g portion of the resulting water is made basic with ammonia, treated with cyanide and to mask other metal ions, and then extracted with 10.0 mL of a solution of dithizone in chloroform. the chlo..

Find the probability density function of the time interval : The train's departure time from the station is also a random variable that is uniformly distributed between 8:00 am and 8:10 am. a. Find the probability density function of the time interval between the commuter's arrival at station and the train's..

What is the price of a put option expiring in one year : what is the price of a put option expiring in 1 year with a strike price of $55?

User Account

All Pages