Answer:
Step-by-step explanation:
Answer:
Principal = $500
Interest = $37.50
Rate = 0.025 = 2.5%
Time = 3 years
Step-by-step explanation:
The formula for simple interest is I = PRT ÷ 100
Casandra's equation = I= 500(0.025)(3)=$37.50
Principal = $500
Interest = $37.50
Rate = 0.025 = 2.5%
Time = 3 years
First you take 29 over 185 and x over 100 and you cross multiply which gives you 185x is equal to 2900 then you take 185x and 2900 and you divide both by 185 and you end up with x equals 15.68 or 15.68% which is letter B