Gina deposit $150 at the start of each year into a college savings account that pays 4% simple interest at the end of each year.
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<span>Carla is renting a canoe. It’s cost $80 for 2 hours and $160 for 4 hours. What is the rate per hour?
If we want to get a full understanding of this question we must use the information given.
If renting the canoe cost $80 per 2 hours, to get 1 hour we must divide $80 by 2.
</span>
or $40
We can also use $160 and 4 hours
or $40
So the rate per hour is $40
If we want to get a full understanding of this question we must use the information given.
If renting the canoe cost $80 per 2 hours, to get 1 hour we must divide $80 by 2.
</span>
or $40
We can also use $160 and 4 hours
or $40
So the rate per hour is $40