Question #426f6
1 Answer
We're going to use "
(We could have chosen the
Explanation:
First, draw a circle, or just a blob shape, and draw a sort-of wavy line thru it.
The whole circle is the $25,000.
Label one side of the circle "
(It doesn't matter which side you choose for
In the part of the circle that's
In the other part of the blob, write
Now, we use the formula:
Interest equals the Principle (the starting amount of money) times the (interest) rate times the time period of the investment.
The time period is one year, so we're not going to write a
We have:
The Interest =
The "interest" part of the equation inside the square brackets is in two parts because the principle amount is in two parts - one part invested at
Multiply inside the brackets:
Inside the brackets we have
Simplify this:
Our equation is now:
Multiply both sides by
Subtract the
Multiply both sides by
and
If
The
and the
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