Answer:
$116
Step-by-step explanation:
The Simple Interest formula is i = prt. Here,
i = ($1,450)(0.04)(2 yr) = $116
Answer:
24,150
Step-by-step explanation:
Given that :
Salary earned this year = 23,000
Percentage Raise in salary for the new year = 5%
The new yearly salary can be obtained thus ;
(100% + percentage raise in salary) * salary earned this year
(100% + 5%) * 23,000
105% * 23000
1.05 * 23000
24,150
