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1 year ago

Drew invests $70.00. It earns 50% interest annually.

Mathematics

1 answer:

VladimirAG [237]1 year ago

3 0

Step-by-step explanation:

50% interest annually.

that means he gets 50% interest of the invested capital every year.

and that means he gets 50% of $70 in one year.

70 = 100%

1% = 100%/100 = 70/100 = $0.70

50% = 1%×50 = 0.7 × 50 = $35

he will earn $35 interest in one year.

as you noticed: 50% simply means 1/2 (as 100% stands for the whole).

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