suppose you take out a loan for $5000, at 6% ordinary intetrest. If the amount of interest is $91.67, what is the time period. (
1 answer:
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Answer:
25%
Step-by-step explanation:
George is 33% (
%) richer than Pete. Let Pete's percentage of wealth be 100%.
Thus George percentage of wealth = 100% + %
= %
= 133%
Pete's percent poorer than George can be determined by;
= ÷
× 100
= ×
×100
= 0.25 × 100
= 25%
Pete is 25% poorer than George.