Answer:
The exact interest on $5,870 at 12% is $58.70.
Step-by-step explanation:
Given information:
Principal = $5870
Interest rate = 12% = 0.12
Time = June-December = 7 months.
We know that
1 year = 12 months
1/12 year = 1 month
7/12 year = 7 month
Time = 7/12 year
Formula for simple interest:
where, P is principal, r is rate of interest and t is time in years.
Substitute P=5870, r=0.12 and t=7/12 in the above formula.
Therefore the exact interest on $5,870 at 12% is $58.70.
The answer is fraction represents parts of a whole
The formula would be set up as ratios (or fractions). The first ratio is 6:5, which in total is 11. There were 6 yes out of 11, so the fraction = 6/11.
The second fraction has a total of 5918, however you do not know the amount of yes votes, so the variable placeholder will be called "x".
The final formula would be:
6/11 = x/5918
You do cross multiplication and you get:
11x = 35508. You divide both sides, and you get x = 3228.
Because x is the placeholder for the amount of yes votes, and x = 3228, the amount of yes votes is 3228