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
Answer:
Step-by-step explanation:
Answer:
Write out your decimal as the numerator of a fraction:
0.50
/1
Multiply to remove the 2 decimal places:
0.50
/1 × 100
/100= 50
/100
Find the Greatest Common Factor of 50 and 100:
GCF is 50
Divide both numerator and denominator by 50:
50 ÷ 50
100 ÷ 50
= 1
/2
therefore your answer is 1/2
Hope this helps! （づ￣3￣）づ╭❤～
