Jose invested $5000 into a fund with an interest rate of 4.8%. How much interest would he earn after 2 years? A) $240 B) $24,000
1 answer:
Answer: C) $480
Step-by-step explanation:
Given: Jose invested $5000 into a fund with an interest rate of 4.8%.
Therefore, Principal amount (P)$5000
Rate of interest = 4.8%
In decimal rate of interest(r)=0.048
Time (t)= 2 years
We know that the simple interest is given by
Hence, the interest after 2 years = $480
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Let's call the two numbers
let's find two same numbers that would add up to 62: 31.
31 + 31 = 62
since it said the difference is 8, we have to add 4 to one number and subtract 4 from another.
31 - 4 = 27
31 + 4 = 35
Therefore, the two numbers following the given rules are 27 and 35