I = $ 1,200,000.00
Equation:
I = Prt
Calculation:
First, converting R percent to r a decimal
r = R/100 = 3%/100 = 0.03 per year,
then, solving our equation
I = 1000000 × 0.03 × 40 = 1200000
I = $ 1,200,000.00
The simple interest accumulated
on a principal of $ 1,000,000.00
at a rate of 3% per year
for 40 years is $ 1,200,000.00.
Rachel and her sister Fran together can paint the living room in
hours
Given that
Rachel can paint half of the living room in 1 hour
Fran can paint
th part of the living room in 1 hour
Let's assume together they paint the living room in x hours
⇒ together they can paint
th part of the living room in 1 hour
By proportions,
⇒
+
=
{using operation proportions and addition}
⇒
=
⇒x=
⇒ together they can paint
th part of the living room in 1 hour
It means, Rachel and her sister Fran together can paint the living room in
hours
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This says only 8 points not 15