Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
I is the Final Interest Value
P is the amount of money borrowed
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
4/10 and 6/10
(40% and 60%)
It is a similar triangle so the side length of the smaller triangle (x and x-2) are in the same ratio as the bigger triangle (2x+5 and 2x-1). As the ratio is the same, you can equate them and solve for x.
Answer:
20.7%
Step-by-step explanation:
Amount of stock increased in Company A = 20% of 1790
= 0.20 * 1790 = $ 358
Investor's stock in company A this year = 1790 + 358 = $ 2148
Amount of stock increased in Company B = 22% of 1000
= 0.22 * 1000= $ 220
Investor's stock in company B this year = 1000 + 220 = $ 1220
Total amount in investor's stock account = 2148 + 1220 = $ 3368
Increased amount = 3368 - 2790 = $ 578
Increase percentage =
= 20.71
= 20.7%