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Answer:
Step-by-step explanation:
You deposit some money into a bank account paying 8% simple interest per year. You received $500 in interest after 2 years. How much the deposit (principal) was?
Result
The principal was $3125.
Explanation
Find principal by using the formula I=P⋅i⋅t, where I is interest, P is total principal, i is rate of interest per year, and t is total time in years.
In this example I = $500, i = 8% and t = 2 years, so
IPPP=P⋅i⋅t=Ii⋅t=5000.08⋅2=3125
Answer:
Charlie's solution is incorrect.
Part A: The equation must be divided by the number next to the variable. So 5x will be divided by 5 which will equal x, and 30 will be divided by 5 which equals 6. The final answer will be x=6.
Part B: The equation will have one solution because there is only one way to solve it.
