Answer:
C. 12/15 is not equivalent to the rest
Step-by-step explanation:
12/15 simplifies to 4/5, whereas all the others simplify to 2/3
Answer:
1/5
Step-by-step explanation:
7/10-1/2=1/5
hope it helps:)))
Answer:
$25,740
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 5%/100 = 0.05 per year,
then, solving our equation
I = 23400 × 0.05 × 2 = 2340
I = $ 2,340.00
The simple interest accumulated
on a principal of $ 23,400.00
at a rate of 5% per year
for 2 years is $ 2,340.00.
The maturity value is the principal value together with interest due.
.. mv = P +Prt
.. = 5350*(1 +0.085*120/360) . . . . . . year is 360 days for "ordinary interest"
.. ≈ 5501.58
The maturity value is $5501.58.
