Question

Identify the rate and initial amount in the following problem.
Ms. Jenkins earns 12.5% interest on her investments yearly. Ms. Jenkins has $5000 in her savings account. How much money will Ms. Jenkins have after x years?

Answer 1

What do you think the rate is?
What do you think the initial amount is?

Answer 2

umm im not sure

Answer 3

Any time there is a problem that has to deal with rate, the number with the % will be the rate.
Now what is the rate?

Answer 4

12.5%

Answer 5

Correct
Now what is the amount? Hint, there is only one number left.

Answer 6

lol 5000

Answer 7

Also, when dealing with rate problems, you turn the percent % 12.5% into a decimal so 12.5% = .125

Answer 8

Correct. Good job

Answer 9

lol thanks :)

Answer 10

YW, don't forget to leave a medal :-)

Answer 11

Ty