Zoe made 6 3/4 cups of fruit salad for a picnic at the picnic they ate 1/3 of the fruit salad how much fruit salad did they eat
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<em>Last year the chess club had 30 members. This year the club has 24 members. </em>
Last year, the chess club had 30 members. This year, the club has 24 members. Since this year had less than last year ( 30 > 24), the percent will be decreasing.
To find the percent decrease, you have to use the following formula.
Difference refers to the difference between the two numbers, 24 and 30. The difference between 24 and 30 is 6. Original refers to the original number, which is last year's amount of members in the chess group. Therefore, original = 30.
Substitute the numbers into the formula.
To convert the decimal to a fraction, multiply the decimal by 100.
The answer is the number of chess members decreased by 20%.
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Since I started off by identifying whether it was decreasing or increasing, I did the work a bit differently. When finding the difference, you would usually subtract 30 from 24, which results in -6. Above I used 6, but if you used -6, you would end up with a result of -20%, which means it decreased by 20%. They bot end up with the same result, but you don't always have to first identify whether it's decreasing or increasing.
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The maturity value of a loan of $2500 at the simple interest rate of 4.3% that is needed to be repaid in 8 months is $2607.50.
<h3>What is simple interest?</h3>Simple interest is a method of calculating interest on an amount for n period of time with a rate of interest of r. It is calculated with the help of the formula,
where SI is the simple interest, P is the principal amount, R is the rate of interest, and T is the time period.
As it is given the principal amount of the loan is $2500, while the interest rate is 4.3%, therefore, after a period the interest on the loan will be,
Thus, the interest amount on the loan of $2500, is $107.5.
Now, in order to find the value of the loan we need to add the interest and the principal amount of the loan together. Therefore, the value of the loan can be written as,
The value of the loan = Principal Amount + Interest rate
= $2500 + $107.5
= $2607.50
Hence, the maturity value of a loan of $2500 at the simple interest rate of 4.3% that is needed to be repaid in 8 months is $2607.50.
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