To determine this, we need to set up proportions.
x/100 = 75/500.
A quick way to find x, the percentage we're looking for, is to cross multiply our fractions.
100 x 75 and 500 with x.
75 x100 = 7500, and 500 times x is 500x.
7500=500x
Divide by 500 on each side.
15 = x
Your answer is C.)15%.
I hope this helps!
Let's pose this question a different way: what are the chances that one out of all possible events is going to happen? What are the chances that, if I roll a die, I will roll a 1, 2, 3, 4, 5, or a 6? What is the probability, if I flip a coin, that the outcome will either be heads or tails? When we take every possible outcome and add their probabilities together, the sum of the probabilities will be 100%, or 1.
Example:
Coin Toss:
Prob of Heads (.5) plus Prob of Tails (.5) = 1
Dice roll:
1/6 (odds of rolling any given number) times 6 (number of possibilities) = 1
Answer:
$1500
6% interest
use the formula...
P(1+(r/100))^n
where P=initial amount
r=interest rate
t=time period elapsed
so ... for 5 years we get
$1500(1+(6/100))^5 = $1500(1.06)^5 = 2007.3383664
for 10 years
1500(1.06)^10 = 2686.271544814228043264
468 months = 39 years
1500(1.06)^39=14555.261231781943250017719606544
Answer:
$157.17
Step-by-step explanation:
Interest is the amount of return that someone receive on the amount invested in a bank or in a business. The annual interest rate is defined on the invested amount. The amount invested is called the principal and.
By applying the interest rate on the principal amount, we can calculate the annual interest earning.
Principal = $3,100
Rate of simple interest = 3.38% per year
Now, define the total time period.
Time period = 18 months = 18 / 12 = 1.5 years
Now calculate the Total interest earning.
Interest Earned = $3,100 x 3.38% x 1.5 = $157.17
