&4250 at 7% per year for 1.5 years
Mathematics · Middle School · Tue Nov 03 2020
Answered on
Given:
4250 at 7% per year for 1.5 years
Solution:
In order to get the percentage total in 1.5 years, we must convert first 7% into decimal. In converting a percentage into decimal, divide the percentage by 100, hence in converting a decimal to percentage, multiply the percentage by 100.
=7/100
= 0.07
Multiply 0.07 by 4250, to get the amount in 1 year.
= (0.07)(4250)
= 297.5
Now, since it is asked for the value in 1.5 year, we multiply 297.5 by 1.5.
=( 297.5)(1.5)
=446.25
Final answer: 446.25