Question

David is investing his money. He thinks that he should make $12 for every $100 he invests. How much does he expect to make on an investment of $4300?

Answer 1

In this case, we'll have to carry out several steps to find the solution.

Step 01:

Data:

principal = $4300

rate:

$12 ===> $100

final amount = ?

Step 02:

final amount:

$12 --------- $100

x --------- $4300

interest = (4300 * 12 / 100) = $516

final amount = $4300 + $516 = $4816

The answer is: