If the simple interest on $2,000 for 3 years is $300 then what is the interest rate?
1 answer:
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First off, let's convert the percentages to decimal format, so our 77% turns to 77/100 or 0.77, and our 55% turns to 55/100 or 0.55 and so on
now, the sum of both salines, must add up to the 77% mixture, let's say is "y"
so, 11 + 4 = y, and whatever the concentration level is, must also sum up to the mixture's concentration of 77%
anyway thus
solve for "x"
now, the sum of both salines, must add up to the 77% mixture, let's say is "y"
so, 11 + 4 = y, and whatever the concentration level is, must also sum up to the mixture's concentration of 77%
anyway thus
solve for "x"