Answer:
B
Step-by-step explanation:
1. Add all of the assets($12,700) and all of the liabilities($10,700).
2. Subtract the liabilities from the assets.
You have to divide 140,000 by 7 to get the base number of 20,000. You then multiply it by 2 and 5 for each respective person. Joe invested 40,000 and Matt invested 100,000.
Step-by-step explanation:
y=x(-2,7)
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The formula we'll use for this is the simple interest formula, or:
Where:
<span><span>P is the principal amount, $4000.00.
</span><span>r is the interest rate, 12% per year, or in decimal form, 12/100=0.12.
</span><span>t is the time involved, 3....year(s) time periods.
</span><span>So, t is 3....year time periods.
</span></span>
To find the simple interest, we multiply 4000 × 0.12 × 3 to get that:
<span>
The interest is: $1440.00</span>
Answer:
13.75
Step-by-step explanation:
