B: 2 and 1/6.
Tricky one if you rush through, its meant to SEEM complicated, like a lot of math questions.
8y-6( add the variables together then add 8 to negative 14
Your answer would be:
Formula: I = P * r * t
P = Principle $5000
R = Rate 2.5% per year, or in decimal form, 2.5/100 =0.025
T = Time involved 7 years time period
I = Interest
Part A:
P = 5000
R = 2.5%, or .025
Part B: Riley To find the simple interest, we multiply
I = 5000 * 0.025 * 7
T = 7
The Interest is = $875.00
Part C: Investment Balance = Investment + Interest
Usually the interest is added onto the principal t figure out the new amount after 7 years.
= $5000.00 + $875
= $5875.00
Ex. if you borrowed $5000, you would now owed $5875.00
Hope that helps!!!
First, you calculate the total amount of parts : 7 + 3 = 10
Next, divide the number by the total amount of parts : £500 ÷ 10 = £50
After that, you multiply the answer by the amount of parts needed on both sides of the ratio : £50 × 3 = £150 and £50 × 7 = £350
Finally put these answers back into the ratio : £150:£350
To check, make sure both sides of the ratio add up to the original number : £150 + £350 = £500
