4,400 + 17,600 = 22,000.
4,400 / 22,000 = 0.2
0.2 = 20%
The answer is A.
Hope this helped☺☺
You would pay 80% of the original price because 1/5 is 20% and you would subtract 20 from 100 to get 80 as your answer
Hope this Helps :3
Answer:
<u>Equation</u>: 
<u>The balance after 5 years is: $1742.43</u>
<u></u>
Step-by-step explanation:
This is a compound growth problem . THe formula is:

Where
F is future amount
P is present amount
r is rate of interest, annually
n is the number of compounding per year
t is the time in years
Given:
P = 1500
r = 0.03
n = 12 (compounded monthly means 12 times a year)
The compound interest formula modelled by the variables is:

Now, we want balance after 5 years, so t = 5, substituting, we get:

<u>The balance after 5 years is: $1742.43</u>
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