Just put it in the calculator and divide 4 by 5 then do 3 by 5 and keep on
Mary would have to drive 750 for the plans to be the same.
Given:
Principal : 5,000
Interest rate : 7% per annum
Term : 5 years
Simple interest is computed by multiplying the principal, the interest rate, and the term.
Simple Interest = Principal * interest rate * term
S.I. = 5,000 * 7% * 5years
S.I. = 350 * 5 years
S.I. = 1,750
An investment of 5,000 will earn a total of 1,750 within 5 years at 7% per annum.
Answer:
33
%
Step-by-step explanation:
Create a fraction where the of value is on the denominator, then multiply by 100% to change to a percentage, that is
×100%
= 33.3333... × 100% = 33.333... % = 33
% ← exact value