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ZanzabumX [31]
4 years ago
6

Interest.

Mathematics
1 answer:
nikitadnepr [17]4 years ago
3 0

Answer:

Interest: $390 | Total: $715

Step-by-step explanation:

To answer the first question, we can use the simple interest formula provided:

I=Prt

<em>P = initial balance</em>

<em>r = annual interest rate</em>

<em>t = time</em>

<em />

First, change 8% into the decimal form:

8% -> \frac{8}{100} -> 0.08

Now, plug in the values:

I=325(0.08)(15)

I=390

Charlie made $390 of interest. To find the total, just add that number to $325.

390+325=715

Charlie's total money made was $715.

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\text{Answer : Number of \$45 shares} =120

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\text{Number of \$45 shares} =120

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