Answer:
13 5/7
Step-by-step explanation:
7 can fit into 96 13 times, So 96-(7x13) is 5. 5/7 is remaining.
48 marks. Because 80/10 is 8. 8x6 =48
1) $600 deposited at 4% simple interest for one year generates:
$600 * 4% = $600 * 0040 = $24
2) If he wants to earn $132 in interest for the year, he yet needs to generate $132 - $24 = $108 (additional)
3) The interest rate to generate $108 on a deposit of $1200 in a year, at simple interest is:
$1200 * (r) = $108 => r = 108 / 1200 = 0.09 = 9/100 = 9%
Answer: 9%
