For simple interest, the formula is I = PRT, where I = interest, P = principal borrowed or deposited, R = rate as a decimal, and T = time in years.
Your information:
I = (870)(0.08)(5)
I = 348
Add the interest to the principal for your total balance
348 + 870 = $1218 will be the total balance in the account.
Me and my friend are buying some pie im pay for it so i get 5/6 and he gets 1/8 how much pie did we buy
1/8 =6/48
5/6= 40/48
so the answer is 46/48 or 23/24
hope i helped
Answer:
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Step-by-step explanation:
