This is the concept of financial mathematics, the simple interest rate is given by:
S.I.=(PRT)/100
where:
P=principle=$2500
R=rate=5.5%
T=time=1 year
Hence;
S.I.=(5.5*2500.1)/100
=$137.5
Thus the total amount he had after 1 year will be:
2500+137.5
=$2,637.5
Example:
12+24
GCF:
12: 1,2,3,4,6,12
24: 1,2,3,4,6,8,24
Common factors: 1,2,3,4,6
Greatest factor: 6
Divide:
12 divided 6= 2
24 divided 6= 4
12+24= 6x(2+4)
(slope) The higher the gradient<span> of a graph at a point, the steeper the </span>line<span> is at that point.</span>
The average speed of his trip is = 12 mile/ hour
The total distance covered by the driver = 240 miles
The rate at which he traveled = 12 miles per hour
Therefore, the time he used to cover his distance
= 240/12
= 20 hrs
But average speed = distance/ time
= 240/ 20
= 12 miles/ hour
Therefore, the average speed of his trip is = 12 mile/ hour
Learn more here:
brainly.com/question/11753352