Answer:
$45
Step-by-step explanation:
We are given the following information;
- Money invested (Principal) is $300
- Rate of interest is 5% per annum
- Time the money is invested is 3 years
We need to determine the amount of interest the money will earn after three years.
- Simple interest is calculated by the formula;
- Simple interest =(PRT) ÷ 100, Where P is the principal amount, R is the rate of interest and T is the time.
Therefore, in this case;
Simple interest = ($300 × 5 × 3) ÷ 100
= $45
Thus, the money invested earned a simple interest of $45
To find the number of possible combinations, you multiple the possible number of outcomes for each category together. For example, there are 5 choices of pastries, 4 choices of drinks, and 2 newspaper choices, so normally there are 5 x 4 x 2=40 possible combinations. Without a muffin, these numbers would change to 4 x 4 x 2=32. The difference would be 8 possible options, so choice C.
Answer: The word "ensures" implies that it is certain.
In the case of the study, they simply found that the average salary is greater for college graduates. This doesn't mean that in every case the college graduate makes more money.
The problem is the word "ensures". Our study doesn't show certainty only a general pattern.