Question

Please help me! Will give medal :)
Victor calculates the percentage interest rate he needs to make twenty dollars in simple annual interest over 2 months on a deposit of one thousand dollars. Where did he go wrong?

A)He applied the principal and interest to the wrong variables.
B)He should have divided 2 by twelve to get the value for (t)
C)He misrepresented the earned interest with the final balance.
D)He should have multiplied r by one hundred to get the interest rate as a percentage.

Answer 1

@timaashorty please help me :)

Answer 2

A)He applied the principal and interest to the wrong variables.

Answer 3

u sure?

Answer 4

Postive ;]

Answer 5

thankyou!! :)

Answer 6

You're welcome. If you want to make sure, you can tagg someone else. Because Now im quite in a hurry to explain step by step

Answer 7

ok