Dulay04idn
Answered

Makakuha ng eksaktong at maaasahang sagot sa lahat ng iyong katanungan sa IDNStudy.com. Magtanong at makakuha ng detalyadong sagot mula sa aming komunidad ng mga eksperto na may kaalaman.

what is the annual rate of interest if 265 is earned in four months on an investment of 15000?

Sagot :

Indrawboyidn

The annual rate of interest : 5.3%

Further explanation

Interest: the percentage calculated from the amount of money we borrow, expressed as a percentage. Usually calculated within 1 year (12 months)

For simple interest (not compound interest) we can use the formula

[tex]\tt \boxed{\bold{i=rtP}}[/tex]

i = interest

r = interest rate

t = time (years)

P = amount borrowed

Known

interest = i = 265

time = t = 4 months = 1/3 year

amount borrowed = P = 15000

We put it in the formula:

[tex]\tt 265=r\times \dfrac{1}{3}\times 15000\\\\r=\dfrac{265\times 3}{15000}\\\\r=0.053=5.3\%[/tex]

Or we use simple calculations

[tex]\tt \%\dfrac{r}{12~month}\times 15000=\dfrac{265}{4~month}\\\\\%r\times 15000=\dfrac{265\times 12}{4}\\\\\%r=\dfrac{795}{15000}=0.053\\\\r=5.3\%[/tex]

Learn more

Amount of cacao in the dark chocolate

https://brainly.ph/question/456629

the total number of plants in the garden

https://brainly.ph/question/1875515

find the percentage

brainly.ph/question/2462387

brainly.ph/question/2394588

the percentage increase

brainly.ph/question/1455859

#LetsStudy