Answer:
To obtain $ 100 in simple interest with a rate of 1.5%, Katie must deposit $ 6,666.66.
Step-by-step explanation:
Given that Katie wants to know how much she needs to deposit into a two year CD account in order to earn $ 100 in simple interest, knowing that the account currently has a 1.5% interest rate, the following calculation must be performed:
X x 0.015 = 100
X = 100 / 0.015
X = 6,666.66
6,666.66 x 1.015 = 6,766.66
Thus, to obtain $ 100 in simple interest with a rate of 1.5%, Katie must deposit $ 6,666.66.
Answer:
32 fizzies
Step-by-step explanation:
4/5 = .8
.8 x 40 = 32
- I found that 80% of 40 is 32 therefore 32 fizzies are in the packet of sweets.
- Hope this helps! If you need a further explanation please let me know.
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