The answer is $1,026.
Solving: Use Simple interest formula, I=Prt.
Make the rate into a decimal (1.6% -> 0.016)
plug in the numbers into the formula. 950 x 0.016 x 5 = 76$.
76$ will be our interest, now to find the balance we would have to add the the starting money (950) with our interest (76$), resulting in our answer of $1,026 after 5 years.
16 lesson. The equation is 240÷15=16
And like I said 240÷15 is 16
So here I hope it helped You
~jZ
Hope this helps you with your questions.
Factors of 4 : 1,2,4
factors of 10 : 1,2,5,10
