Answer: 3?
Step-by-step explanation:
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Answer:
A. $1500.00
Step-by-step explanation:
Assuming this is a simple interest savings account.
<u>Simple interest formula</u>
I = Prt
where:
- I = total interest
- P = principal amount
- r = interest rate (in decimal form)
- t = time (in years)
Given:
- I = $225
- r = 3% = 0.03
- t = 5 years
Substitute the given values into the formula and solve for P:
⇒ I = Prt
⇒ 225 = P(0.03 ×5)
⇒ 225 = P(0.15)
⇒ P = 225 ÷ 0.15
⇒ P = 1500
Therefore, Timothy started the account with $1500.00.
200 meters represents 2 cm
