How much simple interest rate would earn if had $10,000 and you were being paid 5% for 15 months?
1 answer:
Here is the interest equation: I=prt
Where I is interest, p is principal, r is rate and t is time(in years).
Substitute with known values.
I= prt
I= 10000(.05)(1 and 1 over 4)
I= 625
Answer: $625 for 15 months.
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First piece is x
second piece is y. y=4x
third piece is z. z=3y=12x
x+y+z=680
x+4x+12x=680
17x=680. x=40cm y=160cm. z=480cm
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