Nick borrowed $7150, to be repaired at an annual simple interest rate of 6.25%. How much interest will be due after 5 years? How
1 answer:
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Answer:
Step-by-step explanation:
To find the number midway between 3/2 and 4/2, add them up and divide by 2
we have, 3/2 + 4/2 = 7/2
7/2 ÷ 2 = 7/4
Repeat the same for the number midway between 1/2 and 2/2 to get 3/4
The answer then is, 7/4 - 3/4 = 4/4