The second Establishment Offers the best deal
Answer:
Interest = 650$
Step-by-step explanation:
Given:
Invest Inv = 2000$, interest rate r = 6.5% compounded annually
and time n = 5 years
Formula for calculation is:
Int = (Inv · r · n) / 100
Int = (2000 · 6.5 · 5) / 100 = 650$
Int = 650$
God with you!!!
34% written in decimal form is .34 (by moving the decimal 2 places left).
.34 written as a fraction is 34/100. Reduce the fraction by dividing numerator and denominator by 2 to get 17/50.
The ratio is 17:50
Step 1. Identify the variable.
Step 2. Write an algebraic equation.
Step 3. Solve the equation.
Step 4. Answer the equation.
Step 5. Check answer.
Hope this helps...?