Harold's balance in his savings account was \$10,000 . The savings account earns annual simple interest. At the end of 3 years, the balance of the account was \$11.875 . If Harold did not make any additional deposits or withdrawals, what was the approximate annual interest rate on the savings account?

In the simplest of words, $1,000 at 1% interest per year would yield $1,010 at the end of the year. But that is simple interest, paid only on the principal. Money in savings accounts will earn compound interest, where the interest is calculated based on the principal and all accumulated interest.

Step-by-step explanation:

In the simplest of words, $1,000 at 1% interest per year would yield $1,010 at the end of the year. But that is simple interest, paid only on the principal. Money in savings accounts will earn compound interest, where the interest is calculated based on the principal and all accumulated interest.

Step-by-step explanation:

The answer is in the image 

For every 8 cars there are 7 trucks

Therefore,

Cars:Truck=8:7

Answer is B)8:7

The answer is in the image 

Salesperson will make 6% of 1800

=(6/100)*1800

=108

Salesperson will make $108 in $1800 sales

Here,

tip=18%of $32

tip=(18/100)*32

=0.18*32

=$5.76

Total payment=32+5.76=$37.76

The wood before starting =12 feet

Left wood=6 feet

Wood used till now=12-6=6 feet

Picture frame built till now= 6/(3/4)

=8 pieces

Therefore, till now 8 pieces have been made.

Salesperson will make 6% of 1800

=(6/100)*1800

=108

Salesperson will make $108 in $1800 sales

The answer is in the image