Simple interest:
Simple interest is simple. Each year, the interest is calculated as a percentage of the principal, as follows: Interest= (principal) x (rate) x (time).
Compound interest:
Compound interest<span> is calculated on the principal amount and also on the accumulated </span>interest <span>of previous periods.</span>
Answer:
55
Step-by-step explanation:
we have 342 students, subtract 12 because we need only kids riding the bus, now we have 330 kids, we divide the 330 kids between 6 buses 330/6, our answer is 55.
This is truly a simple, one-step equation if looked at in the right angle.
You're going to want to multiply 115 by .952:
115
<u> x .952
</u> 230
+ 6050
<u>+ 93500
</u> 109.48
$109.48 is your final answer.
