Answer:
18
Step-by-step explanation:
We can work backwards with this and take 44-8=36
Then we divide it by two and thats 18
Answer= 285000
How to= the number you are dividing by has a decimal move the decimal point all the way to the right counting the number of places you’ve moved it to. Then move the decimal point in the number you’re dividing the same number of places to the right
Annual rate = 1.05%
Simple interest formula is I = Prt * 100
Where P is principle, I is interest, r is rate and t is time.
Transpose to make r the subject
Prt * 100 = I
r = I/ Pt * 100
Substitute values into the equation.
Let I = $1260, P = $30,000 and t = 4 years
r = $1260/ $30,000 * 4 * 100
r = 0.0105 * 100
r = 1.05%
