The two parallelograms in the figure are similar. What is the value of x?
2 answers:
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Investment of $3000 at 16% simple interest for 2 years
Investment of $3000 at 5% simple interest for 20 years
Investment of $1000 at 16% simple interest for 20 years
Solution:
(1) Investment of $3000 at 5% simple interest for 20 years
Simple interest 1 = $3000
(2) Investment of $3000 at 16% simple interest for 2 years
Simple interest 1 = $960
(3) Investment of $1000 at 16% simple interest for 20 years
Simple interest 1 = $3200
Order from least interest amount to greatest interest amount:
$960 < $3000 < $3200
Investment of $3000 at 16% simple interest for 2 years
Investment of $3000 at 5% simple interest for 20 years
Investment of $1000 at 16% simple interest for 20 years
First, find the greatest common factor (GCF) of 12, 15.
Factors of 12: 1, 2, 3, 4, 6, 12
Factors of 15: 1, 3, 5, 15
The GCF is 3.
Second, divide the numerator (12) by the GCF. / Your problem should look like: 12 ÷ 3 = 4
Third, divide the denominator (15) by the GCF. / Your problem should look like: 15 ÷ 3 = 5
Fourth, rewrite the fraction in the simplified form. / Your problem should look like:
Answer: