BOTH of your answer ARE CORRECT!
$450 per week earns you $450 total per week, for $<span>23,400 total
$115 per week earns you that plus 9.5% of $125,000, which is $</span>11,875, plus $5,980 which is $<span>17,855 total
There is a $</span><span>5,545 difference, making the $450 a week a better deal</span>
It is11 because 5 plus 6 is 11
Based on the information given, the simple interest rate that will be earned will be 13.6%.
- Principal = $5250
- Simple Interest = $6500- $5250 = $1250
- Time = 21 months = 1.75 years.
Simple Interest = PRT / 100
1250 = (5250 × 1.75 × R) / 100
Cross multiply
125000 = 9187.5R
R = 125000 / 9187.5
R = 13.6%
Read more on simple interest on:
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Answer: in decimal form=0.14644660
Step-by-step explanation:
