Answer:
Step-by-step explanation:
a
Answer:
$315
Step-by-step explanation:
You are going to want to use the simple interest formula for this. The one below is modified for solving the interest earned.
I = interest amount
P = principal amount
r = interest rate (decimal form)
t = time
Now we can plug in the values into the equation:
This means that Rachel earned $315 worth of interest in the 15 year period.
One of the more familiar squares is 144; the sqrt of 144 is 12. The next higher perfect square is 169, whose square root is 13. Thus, the sqrt of 147 lies between 144 and 169.
I round the answer to the second digit and get 18.33
