Answer:
56/16 = 3.5
Step-by-step explanation:
R = 8%/year
Equation:
r = (1/t)(A/P - 1)
Calculation:
Solving our equation:
r = (1/2)((2320/2000) - 1) = 0.08
r = 0.08
Converting r decimal to R a percentage
R = 0.08 * 100 = 8%/year
The interest rate required to get a total amount, principal plus interest, of $2,320.00 from simple interest on a principal of $2,000.00 over 2 years is 8% per year.
Answer:
6t = c
Step-by-step explanation:
If there are six chairs per table, you need to find how many tables there are, after that, then you can find how many chairs you need.
