The future amount of the current deposit given that the interest is simple and yearly is computed through the equation,
F = P x (1 + in)
where P is the principal amount, F is the future amount, i is the interest (in decimal form) and n is the number of years.
In this certain problem, we substitute the known values to the equation and solve for P,
2419.60 = P x (1 + (0.052)(1))
P = 2300
Thus, the initial investment was worth $2,300.
<em /><em /><em /><em />ms<u /><u /><u /><u /><u>re</u><u> that the answer </u><u>s 2,500</u>
In order to match each of the pairs you need to divide the numerator by the denominator to make it into a decimal.
Below are the pairs:
21/25 = 84%
13/20 = 65%
2/5 = 40%
3/4 = 75%
3/5 = 60%
If Paul mows the lawn once, he earns 1*25.50. If he mows it twice, he earns 2*25.50, and so on. So, he earns L*25.50. But, he spends 3.50. So the equation is:
Answer
50 dollars
Explanation