Use the following regression equation regarding airline tickets to answer the question.
Price = 49 + 0.137 · (Distance)

Note that Distance is the amount of kilometres between the departure and arrival cities, and Price is the cost of an airline
ticket.

Interpret the slope of the regression equation in the context of the data.

Answers

Answer 1

The interpretation of the slope is the price of an airline ticker per kilometer is 0.137

How to interpret the slope?

The regression equation is given as:

Price = 49 + 0.137 · (Distance)

A regression equation is represented as

y = b + mx

Where m represents the slope

By comparison, we have

m = 0.137


Slopes are used to represent average rates

This means that the interpretation of the slope is the price of an airline ticker per kilometer is 0.137

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Related Questions

A blue parallelogram has a height of 6 inches and a base of 10 inches. a scale of 2:1 was applied to the blue parallelogram to create a green parallelogram. what is the area of the green parallelogram? Provide explanation/show work!

Answers

the area of the green parallelogram will be 15inch².

What is Area of Parallelogram?

The region in a two-dimensional plane that a parallelogram occupies is known as its area. A parallelogram is a form with four sides with two geometry dimensions. Because the opposing sides are equal and parallel, so it is a unique quadrilateral example. The space bounded by the four sides of a parallelogram is known as its area. A parallelogram's area is calculated as the sum of its length and height.

A blue parallelogram has a height of 6 inches and a base of 10 inches.

a scale of 2:1 was applied to the blue parallelogram to create a green parallelogram.

So the height will be half and the base ill also be.

For the green parallelogram will be 3 inch and 5 inch.

The area will be 3*5 = 15inch²

Hence, the area of the green parallelogram will be 15inch².

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A circle has a radius of 11 ft. Find the radian measure of the central angle θ that intercepts an arc of length 9 ft. Do not round any intermediate computations, and round your answer to the nearest tenth.

Answers

The radian measure of the central angle θ is 5.4 radians.

Find the radian measure of the central angle θ that intercepts an arc of length 9 ft.The radian measure of a central angle is the ratio of the arc length to the radius of the circle. To calculate the radian measure of the central angle, we must divide the length of the arc (9 ft) by the radius of the circle (11 ft). 9ft/11ft = 0.818181818Therefore, the radian measure of the central angle θ is 0.818181818. To convert this value to a decimal to the nearest tenth, we must multiply the value by 10 and round to the nearest tenth.0.818181818 x 10 = 8.18181818Rounding to the nearest tenth, the radian measure of the central angle θ is 8.2.The radian measure of the central angle of a circle can be found using the formula θ = s/r, where s is the length of the arc and r is the radius of the circle. In this case, s = 9 ft and r = 11 ft, so θ = 9/11.To find the radian measure of the central angle, we need to convert the fraction 9/11 into decimal form, which yields 0.818181818....To convert this decimal into radians, we can multiply it by 2π and get 5.06544 radians. Finally, to round this answer to the nearest tenth, we can round 5.06544 to 5.1 radians.Therefore, the radian measure of the central angle θ that intercepts an arc of length 9 ft on a circle with a radius of 11 ft is 5.1 radians.

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Lines l and m are parallel find m<2

Answers

Answer: m<5 = 142°

Step-by-step explanation:

For which addition equation can you make a 10 to add?
24+14=
7+25=
76+3=
26+14=

Answers

Nothing is 10 for this equation

For a certain kind of plaster work, 1.1 cu yd of sand are needed for every 100 sq yd of surface. How much sand will be needed for 280 sq yd of surface
cu yd of sand will be needed for 280 sq yd of surface.

Answers

308 cubic yards of sand will be needed for 280 square yards of surface.

How to find the cubic yards?

If 1.1 cubic yards of sand are needed for every 100 square yards of surface, we can find the amount of sand needed for 280 square yards of surface using the proportion:

1.1 cu yd / 100 sq yd = x cu yd / 280 sq yd

To find the value of x, we can cross-multiply and solve for x:

1.1 cu yd * 280 sq yd = x cu yd * 100 sq yd

x = 1.1 cu yd * 280 sq yd / 100 sq yd

x = 308 cu yd

So, 308 cubic yards of sand will be needed for 280 square yards of surface.

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Multiply. Write your answer as a decimal.
-0.05 × (-0.5)

Answers

The solution for the given decimal multiplication is 0.025.

What are decimal numbers and how do you multiply them?

To multiply two decimal numbers, first multiply the values without the decimal points.

The digits in the factors that follow the decimal point should now be added together.

Following that, the dot should be placed in the product so that it has the same number of digits as the total number of factors.

If there are more decimal places than digits in the number, place zeroes immediately after the dot.

If there are more decimal places present compared to digits in the product, fill the decimal places with zeroes immediately after the dot.

For the given question, multiply -5 * -5 = 25

Now the total digits after the decimal point in factors are 3.

But there are only 2 digits in 25.

So fill the decimal place with a zero.

Therefore the product of given decimal numbers is 0.025.

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In 1986 one of the first video games, the Nintendo, sold for $180. Similar to many items, its value depreciated over time. the function that models how its value has changed over times is: f(x) = 3x^2 - 40x +180,

Answers

1. The number shows the video game sold in 1986at $180.

2.  The function f(x) = 3x² - 40x +180 which clearly resemble the standard vertex form.

3.  The vertex of the given parabola is, (h, k) = (6.667, 46.667)

What is Function?

In mathematics, a function is represented as a rule that produces a distinct result for each input x. In mathematics, a function is indicated by a mapping or transformation.  The collection of all the values that the function may input while it is defined is known as the domain. The entire set of values that the function's output can produce is referred to as the range. The set of values that could be a function's outputs is known as the co-domain.

Given:

f(x) = 3x² - 40x +180

1. For f(0) put x= 0 we get

f(0) = 3(0)² - 40(0) +180

f(0) = 180

So, the number shows the video game sold in 1986 at $180.

2.  We know that the standard form of the parabola is y=ax²+bx+c.

Also we have  f(x) = 3x² - 40x +180 which clearly resemble the standard vertex form.

3.  Comparing the given equation with y = ax² + bx + c, we have

a = 3, b = -40, and c = 180.

So, x-coordinate is, h = -b/2a = - (-40)/ 2(3)

h= 40/6 = 6.667  

and, y-coordinate is, k = 3(6.667)² - 40(6.667) +180 = 46.667.

So, The vertex of the given parabola is, (h, k) = (6.667, 46.667)

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What is the properties of (10c - 4) + 11d?

Answers

Answer:

10c-4+11d Welcome :D

Step-by-step explanation:

Ed’s birthday is less than 16 days away.

Part A
Ann writes the inequality d ≤ 16, where d equals the number of days, to represent this scenario.

Choose the best explanation for Ann’s error.
A.
Ann should have used 16d because it is less than 16 days away. B.
Ann should have switched the inequality symbol to greater than or equal to. C.
Ann should have switched the inequality symbol to not include 16 as a possible choice. D.
Ann should have used the not equals sign to compare the two sides of the inequality.
Part B
Select the correct inequality symbol to complete the inequality.

d
Choose...
16

Answers

Ann should have switched the inequality symbol to not include 16 as a possible choice. The correct answer would be an option (C).

What is inequality?

Inequality is defined as mathematical statements that have a minimum of two terms containing variables or numbers that are not equal.

As per the question, we have been given that Ed's birthday is less than 16 days

away and that Ann writes the inequality

d ≤ 16, where d equals the number of days, to represent this.

Thus, He should have switched the inequality symbol to not include 16 as a possible choice.

Hence, the correct answer would be an option (C).

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What is the perimeter of trapezoid JKLM?
O√2+√5 units
O2+ √2+√5 units
O9+2√2 units
9+√2+√5 units

Answers

By applying pythagorean theorem and perimeter formula, The answer is D 9+[tex]\sqrt{2}[/tex] +[tex]\sqrt{5}[/tex]

What is pythagorean theorem?

The Pythagorean theorem is a fundamental result in mathematics named after the ancient Greek mathematician Pythagoras. It states that in a right-angled triangle, the square of the length of the hypotenuse (the side opposite the right angle) is equal to the sum of the squares of the lengths of the other two sides.

What is perimeter?

Perimeter is a measure of the distance around the outside of a two-dimensional shape. It is the sum of the lengths of all the sides of the shape. The formula for perimeter depends on the shape. For example, the perimeter of a rectangle is twice the sum of its length and width, while the perimeter of a circle is equal to its circumference.

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Write an equation of the line that passes through each pair of points (9,2) (-2,6)

Answers

y = (-4/11)x + 5.27 is the equation that passes through each pair of points (9,2) (-2,6).

What is equation?

A group of numbers and variables without an equal sign are known as a numerical expression. A set of numbers and variables with an equal sign is referred to as an equation.

Once you are familiar with these terms, you will realise that an equation is just two expressions joined by an equal sign. You can also write expressions, equations, and simplify equations.

To find an equation of the line that passes through each pair of points (9,2) (-2,6) we need to find slope and convert it to y-intercept form

Slope formula = y - y₁ = m(x - x₁)

Putting the values in the formula we get

2 - 6 = m(9 - (-2))

-4 = m(11)

m = -4/11

As we have found slope, we can find the slope intercept form i.e.

y - 2 = -4/11(x -9)

y = (-4/11)x + 3.27 + 2

y =  (-4/11)x + 5.27

Thus, y = (-4/11)x + 5.27 is the equation that passes through each pair of points (9,2) (-2,6)

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Sallu car has an average fuel economy of 28 miles per gallon the capacity of the fuel tank is 16

Answers

The number of miles Sallu car will travel with 16 gallons fuel capacity if he travelled 28 miles per gallon is 448 miles.

How many miles can a full tank capacity travel?

If Sallu car can travel 28 miles using 1 gallon of fuel;

then, Sallu car will travel x miles using 16 gallons of fuel.

Based on the given task content; we can solve the task using the concept of ratio.

A ratio is a number representing a comparison between two named things.

It also refers to the relative magnitudes of two quantities usually expressed as a quotient.

Equate the ratio of miles travelled to gallons of fuel used

28 miles : 1 gallon = x miles : 16 gallons

28/1 = x / 16

28 × 16 = x × 1

448 = x

Therefore, Sallu car will travel 448 miles using 16 gallons of fuel.

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isabella is building a fort.The base is 78 inches wide by 92 inches long. what is the area of the base in square inches show your work

Answers

The area of a rectangle is found by multiplying the length by the width.

To find the area of the base of Isabella's fort, we will use the following formula:

Area = length x width

We are given that the base of the fort is 78 inches wide and 92 inches long. So we can plug these values into the formula:

Area = 78 inches x 92 inches = 7176 square inches

Therefore, the area of the base of Isabella's fort is 7176 square inches.

Solve the following problem using the substitution method. Please make sure to show all of your work.

6x - 3y = 1
y = -2x - 5

Answers

Answer:

x=-7/6, y=-8/3. (-7/6, -8/3).

Step-by-step explanation:

6x-3y=1

y=-2x-5

-------------

6x-3(-2x-5)=1

6x+6x+15=1

12x+15=1

12x=1-15

12x=-14

x=-14/12=-7/6

y=-2(-7/6)-5=7/3-5=7/3-15/3=-8/3

Jorge's trip takes the same amount of time as Zahara's but he traveled a shorter distance. Does Jorge drive faster or slower Zahara's dad

Answers

Answer: Slower

Step-by-step explanation:

Speed is a measure of how quickly an object moves, and it is calculated as distance traveled divided by time. Since Jorge and Zahara's dad traveled the same amount of time but Jorge traveled a shorter distance, it can be inferred that Zahara's dad traveled at a faster speed.

Another way to understand this is that, if Jorge and Zahara's dad were driving at the same speed, they would have traveled the same distance in the same amount of time. However, since Jorge traveled a shorter distance than Zahara's dad, it can be inferred that Jorge was driving at a slower speed.

Answer:

Step-by-step explanation:

Important

Given AABC ~ ADE F, determine the following information.



Determine the measure of LB. Show the work that leads to your answer.





Determine the length of EF. Show the work that leads to your answer.

Answers

Answer:

m∠B = 83°

EF = 10

Step-by-step explanation:

Two triangles are similar if their corresponding angles are the same size.

Therefore if ΔABC ~ ΔDEF then:

∠A ≅ ∠D = 24° ∠B ≅ ∠E∠C ≅ ∠F = 73°

Interior angles of a triangle sum to 180°:

⇒ m∠A + m∠B + m∠C = 180°

⇒ 24° + m∠B + 73° = 180°

⇒ m∠B + 97° = 180°

⇒ m∠B = 83°

In similar triangles, corresponding sides are always in the same ratio.

Therefore if ΔABC ~ ΔDEF then:

⇒ AB : DE = BC : EF = CA : FD

⇒ 12 : DE = 8 : EF = 16 : 20

Therefore, to find the length of EF:

[tex]\implies \sf 8 : EF = 16 : 20[/tex]

[tex]\implies \sf \dfrac{8}{EF} = \dfrac{16}{20}[/tex]

[tex]\implies \sf 8 \cdot 20= 16 \cdot EF[/tex]

[tex]\implies \sf160= 16 \cdot EF[/tex]

[tex]\implies \sf EF=\dfrac{160}{16}[/tex]

[tex]\implies \sf EF=10[/tex]

Which of the following is the product of the rational expressions shown
below?
2/x+1 • 5/3x

A. 5(x+1)/6x
B. 5/x^2+3
C. 10/3x+3
D. 10/3x^2+3x

Answers

Answer:

D. 10/3x^2+3x

Step-by-step explanation:

The product of the two rational expressions is:

(2/x+1) * (5/3x)

Multiply the numerator of the first fraction by the numerator of the second fraction and the denominator of the first fraction by the denominator of the second fraction:

(2*5) / (x+1) * (3x)

Which simplifies to:

10 / (x^2 + x)

So the correct answer is:

D. 10/3x^2+3x

A is the midpoint of segment bouded by (-2, 3) & (6, -1). B is a point at 3/4 of distance from (4, 3) to (0, -3). Find the equation of AB.

Answers

The equation of line segment AB, whose endpoints are A(x, y) = (2, 1) and B(x, y) = (1, - 1.5), is P(x, y) = (1 - k) · (2, 1) + k · (1, - 1.5), for 0 ≤ k ≤ 1.

How to derive the equation of a line segment

In this problem we need to determine the equation that described the line segment AB, whose endpoints are points within other two line segments. The location of a point can be found by means of the following formula:

P''(x, y) = P(x, y) + k · [P'(x, y) - P(x, y)], 0 ≤ k ≤ 1

Where:

P(x, y), P'(x, y) - Endpoints of line segment.k - Length ratio.P''(x, y) - Endpoint within line segment.

First, determine the locations of endpoints A and B:

A(x, y) = (- 2, 3) + 0.5 · [(6, - 1) - (- 2, 3)]

A(x, y) = (- 2, 3) + 0.5 · (8, - 4)

A(x, y) = (- 2, 3) + (4, - 2)

A(x, y) = (2, 1)

B(x, y) = (4, 3) + 0.75 · [(0, - 3) - (4, 3)]

B(x, y) = (4, 3) + 0.75 · (- 4, - 6)

B(x, y) = (4, 3) + (- 3, - 4.5)

B(x, y) = (1, - 1.5)

Second, derive the equation of line segment AB:

P(x, y) = A(x, y) + k · [B(x, y) - A(x, y)]

P(x, y) = (2, 1) + k · [(1, - 1.5) - (2, 1)]

P(x, y) = (1 - k) · (2, 1) + k · (1, - 1.5), for 0 ≤ k ≤ 1.

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Use the formula d = ( r − c ) t to find c if d = 12 , r = 7 , and t = 2 .

Answers

Answer:

30=(12-c)5

30=60-5c multiply 12 and c by 5

-30=-5c Subtract 60 from 30

-30 ÷ -5= c divide -30 by -5

c=6

3 / 3/4=, 5 / 3/4=, 8 / 4/7=, 6 / 3/5=, 2 / 5/8=, and 4 / 8/9= simplify them all

Answers

On simplifying the values obtained for the fractions are - 3 / 3/4= 4, 5 / 3/4= 6.66, 8 / 4/7= 14, 6 / 3/5= 10, 2 / 5/8= 3.2 and 4 / 8/9= 4.5.

What is fraction?

In mathematics, a fraction is represented by a number that identifies a portion of a whole. A fraction is a component or section taken from a whole, which can be any number, a certain amount, or an object.

The first fraction is 3/(3/4).

The denominator will reciprocate.

Simplify, the fraction -

3 × 4/3 = 4

The second fraction is 5/(3/4).

The denominator will reciprocate.

Simplify, the fraction -

5 × 4/3

20/3 = 6.66

The third fraction is 8/(4/7).

The denominator will reciprocate.

Simplify, the fraction -

8 × 7/4 = 14

The fourth fraction is 6/(3/5).

The denominator will reciprocate.

Simplify, the fraction -

6 × 5/3 = 10

The fifth fraction is 2/(5/8).

The denominator will reciprocate.

Simplify, the fraction -

2 × 8/5

16/5 = 3.2

The sixth fraction is 4/(8/9).

The denominator will reciprocate.

Simplify, the fraction -

4 × 9/8

9/2 = 4.5

Therefore, the values of fractions are 4, 6.66, 14, 10, 3.2 and 4.5.

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The dimensions of the rectangular pool shown below are 60 yards by 30
yards. A fence will be built around the outside of the deck. The ratio of the
dimensions of the pool to the dimensions of the fence is How many yards
of fence should be purchased to enclose the deck?
60 Yards
30 Yards
A. 270 yards
B. 540 yards
C. 200 yards
D. 312 yards

Answers

540 yards should be purchased to enclose the deck and option B is correct.

What is rectangle?

A rectangle in Euclidean plane geometry is a quadrilateral with four right angles. You might also describe it as follows: a quadrilateral that is equiangular, which indicates that all of its angles are equal. The parallelogram might also have a straight angle. Squares are rectangles with four equally sized sides.

A quadrilateral of the shape of a rectangle has four 90-degree vertices and equal parallel sides. As a result, it is sometimes referred to as an equirectangular rectangle. Because its opposite sides are equal and parallel, a rectangle is also known as a parallelogram.

Pools dimension = 1:3

Length = 60 × 3

= 180

Breadth= 30 × 4

= 90

Perimeter of rectangle = 2(l+b) = 2(90+180)

P = 2(270) = 540 yards

Thus, 540 yards should be purchased to enclose the deck and option B is correct

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Determine the rate of change and initial value of the
linear function represented by the following scenario:
An airplane starts it's descent at an altitude (height) of
30,000 ft and descends at a rate of 2000 feet per
minute.

Answers

Answer:

13009 is the best answer for this question

What is the equation in slope intercept form of the line that passes through the y-intercept (0, -4) and has a slope of 5?
O y = 5x + 28
O y = 5x + 4
O y = 5x-4
O y = 5x-28

Answers

The equation in slope-intercept form of the line that passes through the point (0, -4) and has a slope of 5 is y = 5x - 4.

What is slope intercept form ?

The form of a line's slope intercept is one of the most common ways to represent a line's equation. The slope intercept formula can be utilized to find a line's equation given its slope and y-intercept for a straight line ( the y-coordinate of the point where the line intersects the y-axis). For a line to exist, every point along the line must be satisfied by its equation. This straight line equation, which is represented as, can be resolved in a number of ways.

1. Slope-intercept form

2. Two-point form

3. Intercept form

4. Point slope form

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Identify the value of x that makes each pair of ratios equal
5:15 and x:3

Answers

The ratio for 5 / 15 based on the information is 1:3. The value of x is 1.

How to illustrate the ratio?

Ratio in Mathematics simply demonstrates how many times one number can be able to fit into another number. It should be noted that ratios contrast two numbers by dividing them. In this case, A/B will be the formula if one is comparing one variable (A) to another variable (B).

This simply indicates that you're dividing the variable A by B. Let us say for instance, the ratio will be 3/10 if A is 3 and B is 10.

The ratio for 5 / 15 will be:

= 5 / 15

= 1 / 3

= 1:3

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Todd made $12,800 in interest by placing $40,000 in a savings account with simple interest for 4 years. What was the interest rate?

Answers

Answer: The interest rate is 0.16 or 16% ✅

Step-by-step explanation:

The interest rate is the percentage of the principal (the initial amount of money) that is paid as interest over a certain period of time. To find the interest rate in this scenario, we can use the formula:

Interest = Principal x Interest Rate x Time

In this case:

Interest = $12,800

Principal = $40,000

Time = 4 years

So we can set up the equation:

12800 = 40000 x Interest Rate x 4

To find the interest rate, we can divide both sides of the equation by 40000 x 4, which gives us:

12800 / (40000 x 4) = Interest Rate

We can simplify this fraction:

0.16 = Interest Rate

So the interest rate is 0.16 or 16%.

When Todd made $12,800 in interest by placing $40,000 in a savings account with simple interest for 4 years, the interest rate was 7.5%.

Simple interest is a formula for calculating the amount of interest that will be charged on a sum of money at a specific rate and during a specific time frame.

In contrast to compound interest, where the interest of one year's principal is added to the principal of the following year to calculate the interest, the principal sum in the case of simple interest stays the same.

Simple Interest = [tex]$ \frac{ \text P \times \text R \times \text T}{100}[/tex]

where,

P = Principal,

R = Rate of Interest in % per annum, and

T = Time, in years

Here given that,

Todd made $12,800 in interest, i.e. Simple Interest = 12,800

By placing $40,000 in a savings account, i.e. Principal = 40,000

with simple interest for 4 years, i.e. Time = 4 years

To find, interest rate

Substitute the data into the simple interest formula

[tex]$ \Rightarrow 12,800 = \frac{40,000 \times \text R \times 4}{100}[/tex]

[tex]$ \Rightarrow \text R = \frac{ 12,000 \times 100}{40,000 \times 4}[/tex]

[tex]$ \Rightarrow \text R = \frac{1,200,000}{160,000}[/tex]

⇒ R = 7.5%

Thus, the interest rate was 7.5%.

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Which of the following equations are equivalent? Select three options. 2 + x = 5 x + 1 = 4 9 + x = 6 x + (negative 4) = 7 Negative 5 + x = negative 2

Answers

The following equations are equivalent:

2 + x = 5

x + 1 = 4

Negative 5 + x = negative 2

This is because, in each equation, x is the same variable, and it has the same value on both sides of the equation.

In the first equation, x is equal to 3.

In the second equation, x is equal to 3

In the third equation, x is equal to -3

Note that the equation 9 + x = 6 and x + (negative 4) = 7 are not equivalent as these equations have different values for x.

Joey wants to buy several tickets to the next Jastin Timberlake concert. Each ticket will cost $150. Create a table of values to show the cost of buying up to 5 tickets. Show your work in the box

Answers

Ticket #1  ║  Ticket #2  ║  Ticket #3  ║  Ticket #4  ║  Ticket #5

  $150               $300             $450              $600              $750

Step-by-step explanation:

The table shows tickets #1-5, but if you want to go up to tickets #6 and #7, then Ticket #6 would be $900, and Ticket #7 would be $1,050. Due to each ticket being equivalent to $150, you get your answer by adding 150 for each ticket or multiplying 150 × 7.

What is 4, 700, 000 in scientific notation?
A. 4.7 x 105
B. 4.7 x 106
C. 4.7 x 107
D. 4.7 x 108

Answers

It would be 4.7 x 10^6
You would move the decimal place 6 numbers to the left.

Answer:

4,700,000 can be written as 4.7 × 10⁶ in scientific notation

Scientific notation:Scientific notation, also called power of 10 notation.It is a method of writing extremely large and small numbers.

For Example:

10 = 1 × 10¹ 100 = 1 × 10² = 10²1200 = 1.2 × 10³

Here,

1200 can also be written as

12 × 100

we know that, 100 = 10²

so,

12 × 10²

Remember

Decrease the base increase the power and vice-a-versa

1.2 × 10³

1.On the accompanying grid, sketch the graphs of y = 2^x and 3y = 7x + 3 over the interval
-3 ≤ x ≤ 4. Identify and state the coordinates of all points of intersection.

Answers

On solving the provided question, we can say that - by prime factorization the factors of 5 are 5 and 1

What is factor?

A number that divides another number by itself with no residual is known as a factor. In other words, if multiplying two whole numbers results in the creation of a product, the numbers we are multiplying are factors of the product since the product is divisible by them. Division and multiplication are the two ways to discover factors. A number or other mathematical object is factorized or factored in mathematics by expressing it as the product of numerous factors, often smaller or simpler things of the same sort. One factorization of the polynomial x2 - 4 is 3 5, which is also a factorization of the number 15.

The factors of 5 are -

5and 1

as 5 = 5 X 1

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You put $600 in an account. The account earns $31 simple interest in 10 months. What is the annual interest rate? need % answer

Answers

The annual interest rate that yields $31 from $600 in 10 months is 6.2%

What is an interest earned on an amount?

An interest is the amount earned by placing a sum of money in a savings account or in an investment.

The principal amount you put in the account, P = $600

The amount (interest) earned in 6 months, I = $31

The duration over which the interest of $31 is earned, T = 10 months

The annual interest rate is found as follows;

The annual interest rate is the interest rate per year

The number of months in a year = 12 months

The formula for the simple interest, I, is presented as follows;

I = P·R·T

Where;

I = The simple interest earned

P = The principal amount saved in the account

R = The annual interest rate

T = The time duration the amount was saved in years

12 months = 1 year

Therefore; 10 months = (1/12) × 10 year = (5/6) year

The time, T, of 10 months = (5/6) year

31 = 600 × R × (5/6)

R = 31/(600 × (5/6)) = 0.062

0.062 in percentage is 0.062 × 100 = 6.2%

The annual interest rate, R = 6.2%

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