260,880 as (2 times 100,000)+(6 times 10,000)+(8 times 100).
here Sophia must consider 80 as 8 times 10
so that complete expression becomes
260,880 = (2 times 100,000)+(6 times 10,000)+(8 times 100)+(8 times 10)
Answer:
8
Step-by-step explanation:
8% is the annual interest rate. Since, only 3 month has been passed in the year end so, interest accrue of only 3 months.
8% is the interest of 12 months. So, 8%/12 is the interest rate of 1 month. But we want 3 month of interest rate. Multiplying (8%/12)*3, we will get 3 month interest rate.
Note, that we have substituted x with 8. Because, we need interest rate of 3 month, and 8 is the interest rate of 12 months.
