Differentiate between interest and interest rate

Answers

Answer 1

Answer:

Answer:

Interest:

Interest is the cost of borrowing money, and the money you earn from your savings.

Interest rate

Interest rates indicate this cost or return as a percentage of the amount you are borrowing or lending (since you are “lending” your savings to the bank)

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Related Questions

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How do I solve n+6 for n=9
Simplify the expression by using a double-angle formula or a half-angle formula. 7cos^2(theta/9)-7sin^2(theta/9) sin(theta/6)cos(theta/6)
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To celebrate the first day of school, Reagan brought in a tray of caramel brownies and walnut brownies. The tray had a total of 20 brownies, of which 10% were caramel. How many caramel brownies did Reagan bring?

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Answer:

2 were caramel

Step-by-step explanation:

Does anyone know what the answer is

Answers

Answer:

cheating in entrance

Step-by-step explanation:

circumference: 14π

area: 49π

Answer:

nope

Step-by-step explanation:

Solve for x: −3|2x + 6| = −12 A.) x = 1 and x = 5
B.) x = −1 and x = −5
C.) x = −9 and x = 3
D.) No solution

Answers

Since this is an equation involving an absolute value, let 2x + 6 be positive first such that,

-3(2x + 6) = -12
2x + 6 = 4
2x = -2, x = -1
Then, let 2x + 6 be negative,
-3(-2x - 6) = -12
-2x - 6 = 4
-2x = 10 ; x = -5
Thus, the answer to this item is letter B.

$-3|2x + 6| = -12 \n|2x+6|=4\n2|x+3|=4\n|x+3|=2\nx+3 =-2 \vee x+3=2\nx=-5 \vee x=-1$

There are 15 mill teachers in the school the 35 female teachers in the school use a ratio

Answers

The ratio of male: female teachers
15:35
On simplifying;
3:7

Convert base 2 number 10001 in decimal?

Answers

To convert a base 2 (binary) number to decimal, we can use the following method:

Starting from the right, multiply the value of each binary digit (0 or 1) by 2 raised to the power of its position, where the position of the rightmost digit is 0, the one to its left is 1, and so on. Then, add up these values to get the decimal equivalent.

For the binary number 10001:

1 * 2^4 + 0 * 2^3 + 0 * 2^2 + 0 * 2^1 + 1 * 2^0

= 16 + 0 + 0 + 0 + 1

= 17

Therefore, the decimal equivalent of the binary number 10001 is 17.

Theresa worked 9 hours on Monday and 7 hours on Wednesday. Her total pay was $116.00. What is her rate per hour?

Answers

GivenSituation: Theresa worked 9 hours on Monday and 7 hours on Wednesday.
=> First let’s add the total amount of hours Theresa rendered.
=> 9 + 7 = 16 hours in total
Her total pay was $116.00. What is her rate per hour?
=> Let’s solve for the unit rate:
=> 16 hours for 116 dollars.
Let’s find x dollars / hour
=> 116 dollars / 16 hours = 7.25 dollars / hour.
Thus, she is paid 7.25 dollars every hour she do her work

If you would like to know what is her rate per hour, you can calculate this using the following steps:

9 hours on Monday + 7 hours on Wednesday = 9 + 7 = 16 hours

$116.00 / 16 hours = 116.00 / 16 = $7.25

The correct result would be $7.25.

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