Answer:
Step-by-step explanation:
Use cross products to simplify the equation. Multiply the denominator of the second fraction by the numerator of the first fraction, and the denominator of the first fraction by the numerator of the second,
Simplify,
Inverse operations,
The slope of the line is -3/4
Given:
Principal = <span>£100
Interest rate = 6%
Interest = </span><span>£12
Simple Interest is computed by multiplying the principal by its interest rate and term
Interest = Principal * rate * term
12 = 100 * 0.06 * term
12 = 6 * term
12/6 = term
2 = term
It will take 2 years for </span>£100 to earn <span>£12 at 6%</span>
Answer:
Step-by-step explanation:
