Question

$725 6.25% 1 year I need to show my work

Answer 1

Answer:

$770.31

Step-by-step explanation:

To work this out you would first need to convert the percentage into a decimal. You can do this by dividing the percentage of 6.25 by 100, this gives you 0.0625. This is because percentages are out of 100.

The next step would be to add 0.0625 to 1, this gives you 1.0625. This is because we are working out the percentage increase.

The final step would be to multiply the amount of 725 by 1.0625, which gives you 770.31.

1) Divide 6.25 by 100.

$6.25/100=0.0625$

2) Add 0.0625 to 1.

$0.0625+1=1.0625$

3) Multiply 725 by 1.0625.

$725*1.0625=770.31$