Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
Remember that Interest is equal to
Answer:
b
Step-by-step explanation:
Answer:
Increasing a number by 5% and then by 20% is the same as increasing the original number by 26%.
Step-by-step explanation:
Take a number, x.
Now increase it by 5%.
1.05x
Now increase it by 20%.
1.2 * 1.05x = 1.26x
1.26x = 126% of x = 100% of x + 26% of x
100% of x is the same as x, so it is the same as the original x.
The increase is 26% of the original number.
Increasing a number by 5% and then by 20% is the same as increasing the original number by 26%.
Answer:
The answer is one.
Step-by-step explanation:
