Multiply the price by the 5% by turning the percent into a decimal.
5% = 0.05
45.90 x 0.05 = $2.295
Which can be rounded to 2.30 if needed.
Since Emily is walking at a constant speed, we can solve this using proportions, equating ratios of distance/time.
The first ratio is 3/4 miles/1/4 hour
The second ratio is 1 mile/ x hour
Equating the two ratios: 3/4 / 1/4 = 1/x
3 = 1/x
x = 1/3 hour
Answer:
-7
Step-by-step explanation:
The answer is the second option given
Calculation:
First, converting R percent to r a decimal
r = R/100 = 5%/100 = 0.05 per year,
then, solving our equation
I = 20 × 0.05 × 2 = 2
I = $ 2.00
The simple interest accumulated
on a principal of $ 20.00
at a rate of 5% per year
for 2 years is $ 2.00.
