Answer:
It would be great if you would provide the image itself. I will totally answer your question.
Answer:
$560
Step-by-step explanation:
Given that :
Principal, P= $500
Interest rate, r = 12% per year
Amount in account after 1 year
Time = 1 year
Using the relation :
A = P(1 + rt)
A = final amount in account
A = $500(1 + 0.12(1))
A = $500(1 + 0.12)
A = $500(1.12)
A = $560
25% is the same is 1/4 of something. So you have to find what 1/4th of 48 is. To do that, just divide 48 by 4. and you get 12.
A 25% payment on a CD player that costs $48 would be $12. Hope that helps!
