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Bumek [7]
3 years ago
10

Wyatt bought a pair of shoes for $72. The next week he noticed that the price for the same show pair was now $87. Get the Percen

t of Change.
Please show your work!!!!!
Mathematics
1 answer:
agasfer [191]3 years ago
3 0
I think it is 25% but you need to work out ;)
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Begin by clearly stating the problem; you can copy this from the problem set file. Show how you solved the problem step by step,
Y_Kistochka [10]

Answer: 13%

Step-by-step explanation:

The formula to find the simple interest is given by :-

I=Prt, where P is the principal amount, r is rate of interest () in decimal and t is the time ( in years).

Given : P = $19,100 ,  I=$9932.00  and t=  4 years

Substitute all the above values in the formula , we get

9932.00=(19100)r(4)\\\\\Rightarrow\ r=\dfrac{9932}{19100\times4}\\\\\Rightarrow r=\dfrac{13}{100}=0.13

In percent , r=0.13\times100=13\%

Hence, the rate of interest = 13%

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