Answer:
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87.5 %
Step-by-step explanation:
Set up a ratio:
7/8 = x/100
Cross multiply to solve for x:
8x = 700
x = 87.5
$24.50
i did the math
$1912.27
Simple interest rate formula: A = P(1 + r)^t
Simply plug in the known variables
A = 1700(1 + 0.04)³
A = 1700(1.04)³
A = 1700(1.12486)
A = 1912.27
