Is it 6.5% per year?
Amount = Principle (1+rate*time)
<span> 22365 = 7000(1.065 * 3)
Interest = 22365 - 7000 = 15365</span>
Answer:
30 percent
Step-by-step explanation:
the answer is 30
Answer: 5/24
Step-by-step explanation:
First:
Reduce fractions where possible.
Then your initial equation becomes:
5/16 * 2/3
Second:
Applying the fractions formula for multiplication,
5*2 and 16*3 = 10/48
Simplifying 10/48, the answer is
5/24