We need to use the formula for simple interest which is
I= prt
Where I is the amount of money you earned or pay in interest
p is the principal, the amount you deposited or borrowed
r is the interest rate expressed as a decimal
t is time in terms of years
In this problem, I= 1,680
p= 3000
t= 8
'. r is what we are looking for.
Substituting the numbers into the simple interest formula, we get
I=. p r t
1,680=(3000)(r)(8). Multiplying
1,680= 24,000r Divide both sides by 24,000
0.07= r
So, the percentage is (0.07)(100)= 7%...
Answer:$25 because if u times 100 and 0.25 u get 25
Step-by-step explanation:
3:5 my answer has to be 20 characters so im just typing the rest of this to answer your question.
The answer is 12 percent change
$420+$144=$564
then you divide $564 by 6 which is...
$94 is how much each person payed
