If you save $700 and earn $3 interest for every $100, how much money will you have in all?
Mathematics · Middle School · Mon Jan 18 2021
llm
Answered on
Given the statement:
You save $700 and earn $3 interest for every $100.
Determine how much money you have in all.
Solution:
In order to determine the amount of money you have, simply divide 700 by 100, then multiply the quotient by 3.
= $700/4100
= $7
= ($7)($3)
= $21
Add $21 to $700.
= $700 + $21
= $721
Final answer:
You have a total of $721.