A bank manager wants to encourage new customers to open accounts with principals of at least $. He decides to make a poster adv
ertising a simple interest rate of %. What must the principal be if the bank manager also wants to advertise that one can earn $ the first month? Can the poster correctly say, "Open an account of $ and earn at least $ interest in 1 month!"?
The 28% rule states that you should spend 28% or less of your monthly gross income on your mortgage payment (e.g. principal, interest, taxes and insurance). To determine how much you can afford using this rule, multiply your monthly gross income by 28%
Answer: Here’s one I made up! Combined, Megan and Kelly worked 60 hours, Kelley worked twice as many hours as Megan. How many hours did they each work? Hope this helps!
