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vovikov84 [41]
3 years ago
13

Your savings account pays 2.5% interest per year. How much interest does the account pay per month.

Mathematics
1 answer:
Mkey [24]3 years ago
3 0

Answer:

0.21%

Step-by-step explanation:

2.5/12=0.208 or 0.21

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Explanation:

To get the solution, you are looking for, you need to point out what we know.

1. We assume, that the number 125 is 100% - because it's the output value of the task.

2. We assume, that x is the value we are looking for.

3. If 125 is 100%, so we can write it down as 125=100%.

4. We know, that x is 204.6% of the output value, so we can write it down as x=204.6%.

5. Now we have two simple equations:

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125=0.48875855327468*x       - we divide both sides of the equation by (0.48875855327468) to get x

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now you  have:

204.6% of 125=255.75

If you round 255.75  to the nearest tenth, it would be 255.8 because rounding to the nearest tenth the number will be  7 because 7 is in the tenth place in 255.<u>7</u>5, so you would round up because  anything about the number 5 you will round up and anything below 5 you round down and  when you round up you will get 255.8 which is your answer.

Hope this helps :)

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