Step-by-step explanation:1
2x and 7x is the answer of the questions
So basically to estimate your answer, you must
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Rate: To find the rate, let’s divide interest earned by the principal. When you do, you get 0.15. Multiply by 100 to get 15 and divide by 3 to get 5. The simple interest rate is 5%.
New balance: All you have to do is add the principal and he new balance. When you do, you get 517.5. The new balance is $517.50.
