crazyco1003 crazyco1003
  • 13-07-2017
  • Mathematics
contestada

If $400,000 bonds are issued on january 1 and pay $24,000 interest annually, what is the rate of interest?

Respuesta :

joseph33 joseph33
  • 13-07-2017
Let r% be the rate.
400000x r% x 1=24000
400000x r% =24000
400000x r/100=24000
400000x r=24000 x 100
400000x r=2400000
r=2400000/400000
r=6
The rate of interest is 6%.
Answer Link

Otras preguntas

Which of the following would be a good thesis statement for a compare and contrast essay?
Which best describes an objective summary? A) an explanation written in one’s own words that provides all of the details and information in a text B) a writte
what has a matte surface
How many fluid ounces are there in 8 pints 5 cups? A. 21 B. 128 C. 168 D. 208
Write an expression for the model. Find the sum. options: a) 2 + (–3); 1 b) –3 + 2; 5 c) 2 + 3; 5 d) 2 + (–3); –1
According to this oath, what are the duties of a naturalized citizen? Check all that apply
Permutation question pictured! Thanks :)
How do I create and graph equations in two variables?​
The pathway of pumping bood throughout the body a bank to heart is called what
X=_________ PLEASE HELP! I REWARD BRAINLIEST!