I got your answer! I will tell you right now. Your GCF is 9 and your LCM is 180! Your very much welcome!! Good luck for you! :)
Hello! The formula for simple interest is prt. That means you multiply the principal (initial amount) by the rate (simple interest percentage), by the amount of time (could be in months or years). So, the loan is $3,750 and the rate is 8.25% for 9 months. 9 months is 3/4 of the year, because there are 12 months in 1 year and 9/12 is 0.75. Let's multiply. 3,750 * 8.25% (0.0825) is 309.375 Now, multiply that number by 0.75 to get 232.03125 or 232.03 when rounded to the nearest hundredth (cent). The amount of simple interest is $232.03.
Simple interest=prt
=688.88 (.0925)(1)
=63.72
Balance=investment + interest earned
=688.88+63.72=$752.60
Answer: simplified ratio would be 3:2
Step-by-step explanation: the ratio would be 12:8
