Answer:
5, assuming you get the worst possible slips off: 0,1,2,3,4
Step-by-step explanation:
In 10 months Lisa will have paid the same amount as Kelly, but in month 11 she will have paid more.
Answer: If the time is 3 1/2 years (most reasonable assumption)
Her initial deposit was $160
Step-by-step explanation: The basic formula for simple interest is
<em>i = prt i </em>is interest, P is principal (deposit) r is the percentage (converted to a decimal) and t is time, the number of years.
For this question, you have to rearrange the equation to solve for p.
So divide both sides by rt and you have
p = i/rt
Substitute the values given
p = 36.40/(0.065)(3.5)
Answer:
A.
Step-by-step explanation: