Answer: If the time is 3 1/2 years (most reasonable assumption)
Her initial deposit was $160
Step-by-step explanation: The basic formula for simple interest is
<em>i = prt i </em>is interest, P is principal (deposit) r is the percentage (converted to a decimal) and t is time, the number of years.
For this question, you have to rearrange the equation to solve for p.
So divide both sides by rt and you have
p = i/rt
Substitute the values given
p = 36.40/(0.065)(3.5)
Answer:
<em>Tim </em><em>will </em><em>get </em><em>£</em><em> </em><em>8</em>
<em>Sam </em><em>will </em><em>get </em><em>£</em><em> </em><em>3</em><em>2</em>
<em>Solution,</em>
<em>let </em><em>the </em><em>ratios </em><em>be </em><em>x </em><em>and </em><em>4</em><em>x</em>
<em>
</em>
<em>hope </em><em>this </em><em>helps.</em><em>.</em><em>.</em>
<em>Good </em><em>luck</em><em> on</em><em> your</em><em> assignment</em><em>.</em><em>.</em><em>.</em>