Ms. Anderson deposits $7,000 into a savings account that pays a simple interest of 2% per year. Which of the following would be
1 answer:
You might be interested in
Answer:
Each person get = 20 cents
Step-by-step explanation:
Given - Maya and three friends have three quarters and one nickel to spend.
To find - If Maya and her friends share the money equally how much will each person get ?
Proof -
We know that
1 nickel = 5 cents
1 quarter = 25 cents
As they spent, 3 quarters and one nickel
So,
Total money spent = 3(25) + 5 = 75 + 5 = 80 cents
⇒Total money spent = 80 cents
Now,
Total people = 4 (Maya and three friends )
Now,
Given that, They share the money equally
So,
Each person get = = 20 cents