Determine the simple interest on an account paying 6.5% annually interest of an investment of $5,250.
a.
$341.25
b.
$343.08
c.
$345.02
d.
$347.96

Option a -$341.25

Step-by-step explanation:

Given : An account paying 6.5% annually interest of an investment of $5,250.

To find : The simple interest?

Solution :

The formula of simple interest is

Where, I is the simple interest

P is the principal =$5250

R is the rate =6.5%=0.065

T is the time annually = 1 year

Substitute the value,

Therefore, Option a is correct.

The simple interest is $341.25.

b. 1.25 hr

step-by-step explanation:

if you have a constant speed of 60 mph, then you have a ratio between 60 mi. to 1 hr. dividing both sides by 60 we get the ratio

1 mi. to

then mult. both sides by 75 we get the ratio

75 mi. to

simplifying we get

75 mi. to

or 1.25 hr.

b. 153 students do not participate in sports and seventy-five 12th graders were surveyed