He served 2/8 of the apple pie. And he served 2 more slices of the blueberry pie than the apple pie
Answer:
The answer is A.
Step-by-step explanation:
Firstly, you have to take out the common terms for this expression. In this expression, the common terms ard 2 and m :
Next you have to factorise the brackets :
So the final answer is :
I = p * r * n
i is the interest
p is the principal
r is the interest rate per time period
n is the number of time periods.
in your problem:
i = 900
p = 2000
r = what you want to find
n = 3 years
formula becomes 900 = 2000 * r * 3
solve for r to get r = 900 / 2000 / 3 = .15
that's .15 interest rate per year = 15% per year.
at a nominal interest rate of .15 per year, the interest rate per month would be .15/12 = .0125 per month.
the remaining balance at the end of 6 month is equal to 1907.140183
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