Answer:
$900
Step-by-step explanation:
Use the formula for simple interest: i = p r t, where i is the interest earned, p is the principal amount, r is the interest rate as a decimal fraction, and t is the time in years.
Here, i = $27 = p(0.015)(2), or
$27 = 0.03p
Dividing both sides by 0.03, we get:
p = $27 / 0.03 = $900
The principal, in this situation, was $900.
Answer:
1/3
Step-by-step explanation:
360/120=3
Answer:
(4, 5)
Step-by-step explanation:
y = 2x - 3
y = 7 - 0.5x
y is already isolated on both equations, set them equal to each other:
2x - 3 = 7 - 0.5x
add 3 to both sides:
2x = 10 - 0.5x
add 0.5x to both sides:
2.5x = 10
divide by 2.5:
x = 4
plug in 4 for x on either equation and solve for y:
y = 2(4) - 3
y = 8 - 3
y = 5
(4, 5)
