Solve the proportion using equivalent ratios. Explain the steps you used to solve the proportion, and include the answer in your
1 answer:
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Answer:
$7474.08
General Formulas and Concepts:
<u>Pre-Algebra</u>
Order of Operations: BPEMDAS
- Brackets
- Parenthesis
- Exponents
- Multiplication
- Division
- Addition
- Subtraction
- Left to Right<u> </u>
<u>Algebra I</u>
Simple Interest Rate Formula:
- A is final amount
- P is principle (initial) amount
- r is rate
- t is time (in years)
Step-by-step explanation:
<u>Step 1: Define</u>
P = 7200
r = 0.75% = 0.0075
t = 5
<u>Step 2: Solve for </u><em><u>A</u></em>
- Substitute in variables [Simple Interest Rate Formula]:
- (Parenthesis) Add:
- Evaluate exponents:
- Multiply: