Interest I = PRT /100
P = $ 1000
R = 5.5% per annum
T = 18 months = 18 /12 = 1.5 years.
I = 1000 * 5.5 * 1.5 /100
I = $ 82.5
Amount = P + I = 1000 + 82.5 = 1082.5.
Hence the it would have grown to $1082.5
Answer:
Step-by-step explanation:
Given
Required
Determine CD
Since, C is a point on BD, the relationship between the given parameters is;
Substitute the values of BD, BC and CD
Collect Like Terms
Divide both sides by -4
To determine the length of CD;
Substitute 3 for x in
Hence;
Set up the proportion of $ on one side and percents on other. You can put x for the retail value of the hat and 16 on the bottom. Then on the other side put the percentage of the added markup plus 100% which is the original price on the top over 100%. It should be something like x/16 = 155/100. The cross multiply. (x)(100) = 100x and (16)(155) = 2480. Then divide 2480 by 100 to isolate the x. Your final answer will be x = 24.80 which is the retail price.
