One year ago, Lindsey deposited $250 into a savings account. Her balance is now $253. Two years ago, Jenn deposited $250 into a
savings account. Her balance is now $257.50. Which account has the greater simple interest rate? Explain
2 answers:
Answer:
Jenn's account has a greater simple interest rate.
Lindsey's interest in 1 year was $3
Jenn's interest in 2 years was $7.50 if you divide $7.50 by 2 the answer would be 3.75 therefore Jenn's account has the greater simple interest rate.
Answer:
Jenn's account has a greater simple interest rate.
Lindsey's interest in 1 year was $3
Jenn's interest in 2 years was $7.50 if you divide $7.50 by 2 the answer would be 3.75 therefore Jenn's account has the greater simple interest rate.
Step-by-step explanation:
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the unit rate for it would be 1/4
Answer:
Percent: 20%
Fraction: 1/5
Decimal: 0.20
Step-by-step explanation:
8:40*100 =
( 8*100):40 =
800:40 = 20%
Percent to fraction:
20%=20/100
= 0.2
=0.2×10/10
=2/10
=1/5
Percent to decimal:
20/100 = 0.20
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Step-by-step explanation:
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