this could take a while to think about but uhh i dont know,
$20,000 is between $15,000 and $49,999, so we'll use the interest rate of 6.5% (see row 3)
r = 6.5% = 6.5/100 = 0.065
We'll use the decimal form of the interest rate as it is most common for financial math problems.
P = 20,000 is the amount deposited
t = 1 year is the amount of time
We will plug those values into the formula
i = P*r*t
to get the following:
i = P*r*t
i = 20000*0.065*1
i = 1300
So Mark earns $1,300 in simple interest each year.
Answer:
85-86%
Step-by-step explanation:
Make it an equation
You want to find the percent out of a hundred, so 42 is 100 since it is all of the questions and 36 is the unknown percent X
36/42 = X/100
36 X
42 100
Cross multiply
Do math and solve for X
36 x 100 = 42 x X
3600=42X
X=85.71
First you collect the like term then variable one side coefficient one side and constant
