Can you answer these questions as fast as you can??
1 answer:
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we know that
1) You have of a pie leftover after your party
2) Each
guest takes home of the leftover pie
To find the fraction of the original pie does each guest take home,
Multiply by
so
<u>Simplify </u>
Divide by both numerator and denominator
therefore
<u>the answer is</u>
Answer: 8.76%
Step-by-step explanation:
The formula to find the simple interest is given by :-
, where P is the principal amount, r is rate of interest () in decimal and t is the time ( in years). (1)
Given : Justin deposited $2,000 into an account 5 years ago.
i.e. P = $2,000 , t= 5 years
He has just withdrawn $2,876. i.e. Future value = $2,876
Interest (I)=$2,876-$2,000=$876 [Subtract Principal value from Future value]
Substitute all the above values of P , t , and I in the formula (1) , we get
In percent ,
Hence, the rate of interest = 8.76%