Hey there :)
We know the formula for simple interest is
I = prt
{ The picture includes what each stands for }
Lehena:Initial amount = $100
Interest rate = 2.5% =

Time = 3 years
I = ( 100 )( 0.025 )( 3 )
= 7.5$
Total = $100 + $7.5 =
$107.5Marty:Initial amount = $100
Interest rate = 2% =

Time = 3 years
I = ( 100 )( 0.02 )( 3 )
= $6
Total = $100 + $6 =
$106How much more than Marty did Lehena receive?= Total Amount of Lehena - Total Amount of Marty
= 107.5 - 106
= $1.5Your answer will be option
B) $1.50
Answer:
Thank you
Step-by-step explanation:
Answer:
I think the answer is A
Sorry if i am wrong
Step-by-step explanation:
Answer:
Percent Change Formula: [(new - old)/old] * 100
Step-by-step explanation:
New - old
80 - 20 = 60
Difference between new - old divided by old
60/20 = 3
Previous quotient times 100
3*100 = 300
Percent Change is 300%
Check your answer
300% of 20 is 60
20 + 60 = 80