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KATRIN_1 [288]
3 years ago
7

Which inequality represents this sentence?

Mathematics
1 answer:
Natasha2012 [34]3 years ago
5 0
The last answer is correct
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What is 9.78 rounded to the nearest tenth?
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Mr. Drysdale earned 906.25 in interest in one year on money that he had deposited in
VikaD [51]

Answer: Mr Drysdale deposited 14,500

Step-by-step explanation:

Using the simple Interest formula

Simple Interest = Principal(Initial Money) * Interest Rate * Time Period

I = P*R*T

I = PRT

To get P which is the initial money he deposited, we divide both sides by RT

I/RT = PRT/RT

I/RT = P

Therefore the money deposited

P = I/RT

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Interest Rate (R)= 6.25% = { converting percentage to decimal} (6.25/100)= 0.0625

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Principal (P)= ?

P= I/RT

P= 906.25/(0.0625 * 1)

P= 906.25/0.0625

P= 1450

The money he deposited in his local bank is 14,500

5 0
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