Answer:
9 years
Step-by-step explanation:
S.I = PRT/100
now since you’re aiming at $20,000 and what you deposited was $12,500, this means that you’re looking to raise 20,000-12,500 = $7,500 simple interest.
Hence, S.I = 7,500
P = 12,500
R = 6.5%
T = ?
Substituting these values into the simple interest equation:
7,500 = (12,500 * 6.5 * T)/100
T = (100 * 7,500)/(12,500 * 6.5)
T = 750000/81,250 = 9.23 approximately 9 years
Refer to the attachment for answer...
B
Since you are trying to find out half the number of students in a PE class, dividing would be most appropriate since you would be trying to find half.
Complete question :
Wang Yong owes the bank $8500. To repay the debt, he paid a fixed amount back to the bank each month. After 12 months, his remaining debt was $6460. How much did Wang Yong pay each month?
$170
Given that:
Amount owed = $8500
Fixed amount replayed per month :
Amount left after 12 months = $6460
Amount paid per month :
Total amount paid over 12 months :
$(8500 - 6460) = $2040
$2040 / 12
= $170
11/12-?=2/3
11/12-2/3=?
11-8/12=?
3/12
=1/4
