K= 23/7 simplified to 3 2/7
Step-by-step explanation:
“The constant of proportionality is the ratio between two directly proportional quantities. Two quantities are directly proportional when they increase and decrease at the same rate.”
Simple interest = $38.4
Solutions
Simple interest, I = principal x rate x time
Principal = $640
Time = 2 years
Rate = 3% = 3/100 = 0.03
Remember, always divide your rate in percent by 100.
Don't forget to read the question and approximate correctly.