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Zach borrowed four thousand dollars from his grandfather to buy a used car so he could travel to and from work. After working for 3 years, he has saved five thousand four hundred forty dollars to pay back to his grandfather. At what interest rate did Zach borrow the money? nine percent twelve percent twenty-five percent twenty-six percent
alright so initial price is 4000 he worked for 3 years and gave his grandma 5440 which is 1440 more so per year you money is increased by 1440/3 = 480
now yearly interest is 480 $ so find out how many % is 480 $ of 4000
(480*100)/4000 = 12% ^^ your answer
I think it is B
Keisha's parents want to save twenty-five thousand dollars in her college savings account over the next twenty years. They have ten thousand dollars to use as an initial deposit. What simple annual interest rate do they need to meet their goal? Round your answer to the nearest tenth. four point five percent five percent seven point five percent twelve point five percent
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