What would my final balance be if i put R650 in the bank for 60 Months with an interest rate of 6%
1 answer:
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Hey there!
Let's look at our graph here. It is a 4 x 8 chart, which means there are 32 total squares. 12 of these squares are highlighted in black. This gives us 12/32, which is equal to 3/8. Therefore, we can eliminate answer D as an option.
Now, we are looking for a percent of a fraction. Usually when you draw a chart that represents multiplying fractions, the bars will overlap. We do see 5 gray squares, but if that is all, this chart would not really represent anything. Let's say it goes all the way across the top, giving us 8 gray squares, 3 of them also being black.
This means we have 8/32, or 1/4 as our other fraction. As we said before, 3 of these squares are both black and gray. This is 3/32, so the answer to our problem has to be 1/12.
We have fractions 3/8 and 1/4.
Therefore, our answer is H.
I hope this helps!