<h3>
Answer:</h3>
4.5% annually
<h3>
Step-by-step explanation:</h3>
Simple interest is the amount of interest added to a singular sum of money at a fixed rate.
Formula
The formula for simple interest is A = P(1+rt). In this formula, A is the total amount of money in the account, P is the original amount deposited, r is the rate of interest as a decimal, and t is the time in years.
Calculations
To find the rate, plug the information we know into the formula above
Divide both sides by 100
Subtract 1 from both sides
Divide both sides by 5
This gives us the rate as a decimal. So, to find the rate as a percent. Do this by moving the decimal 2 places to the right (or just multiply by 100, they do the same thing). This means that the rate of simple interest is 4.5%.
Turn 7/10 into decimal. (0.7)
Keep adding by 0.7 until you get the number closest to 4.1
3.5 is the closest, if we add another 0.7, we get 4.2.
So, he can get 5 sections of 0.7m
Answer: C
Step-by-step explanation: They are never the same
Answer:
$15 in debt
Step-by-step explanation:
Subtract 33 from 18
18 - 33
= -15
So, he will be $15 in debt
