Li deposited $17,500 into a bank account that earned simple interest each year. after 2 years, he had earned $2975 in interest.

if no money was deposited into or withdrawn from the account, what was the annual interest rate?

Answer : The annual interest rate was, 8.5 %

Step-by-step explanation :

Given:

Principle = $17,500

Simple interest (S.I) = $2975

Time = 2 years

Now we have to determine the interest rate.

Formula used :

where,

P = principle  

R = interest rate

T = time

S.I = simple interest

Now put all the given values in the above formula, we get:

Thus, the annual interest rate was, 8.5 %

since proposition states that a number is greater than 25, if is true then the number must actually be greater than 25.

this implies that all possible options, except 24, can be accepted

the terms of a geometric sequence can be found by beginning with the first term and multiplying by the common ratio repeatedly. a recursive formula for a geometric sequence with common ratio r is given by an=ran−1 a n = r a n − 1 for n≥2 n ≥ 2 .

step-by-step explanation: