A juice company decides to test 5 different brands of juice. The different brands have been labeled A, B, C, D, and E. The compa
2 answers:
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Given:
Rate of simple interest = 5%
Time = 4 years
Total interest = $160
To find:
The amount borrowed by Austin from a credit union.
Solution:
The formula for simple interest is:
Where, P is principal, r is the rate of interest and t is the number of years.
Putting in the above formula, we get
Multiply both sides by 5.
Therefore, Austin borrowed $800 from a credit union for 4 years.
1. Add all of the numbers together
2. Divide the answer by how many different numbers there are (so 10)
The mean to the nearest tenth is 356.8
2. Divide the answer by how many different numbers there are (so 10)
The mean to the nearest tenth is 356.8