136,979 views
8 votes
8 votes
$200, P= $1000, r = 4 years

I need it as a fraction then turned into a decimal

User Richard Bender
by
3.0k points

2 Answers

6 votes
6 votes

Answer:

The formula for simple interest is:

I = P * r * t

Where:

I = Interest

P = Principal amount

r = Rate of interest per year

t = Time period

Given:

P = $1000

r = 4 years

t = $200

Substituting the values in the formula, we get:

I = $1000 * 0.04 * 4

I = $160

To express this as a fraction of $200, we can write:

$160/$1000

This fraction can be simplified by dividing both numerator and denominator by 20:

$8/$50

This fraction can be further simplified by dividing both numerator and denominator by 2:

$4/$25

This fraction, when expressed as a decimal, is:

0.16

User Mediarts
by
3.2k points
10 votes
10 votes

Hey are you American

Explanation:

I'm filipino

User Doc Roms
by
4.2k points