Answer:
The statement is false.
Step-by-step explanation:
- Interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (i.e., the amount borrowed), at a particular rate.
- It is distinct from a fee which the borrower may pay the lender or some third party. It is also distinct from dividend which is paid by a company to its shareholders (owners) from its profit or reserve, but not at a particular rate decided beforehand, rather on a pro rata basis as a share in the reward gained by risk taking entrepreneurs when the revenue earned exceeds the total costs.
Hence, the given statement:<em> The amount of interest you pay does not depend on the method the lender uses to calculate interest is FALSE.</em>
2.56 repeating as a mixed number is 64/25.
Hope this helps
pacey = x
alex = 2x
paul = 3x
x + 2x + 3x = 342
6x =342
x = 342 / 6
x = 57
Pacey's fish = 57 pounds
Alex's fish = 57*2 = 114 pounds
Pauls fish = 57*3 = 171 pounds