How to do formula problems: Interest Distance, and cost?
1.) Mc Cory's Bookstore received a shipment of novels costing $2.95 each. If there were 550 novels in the shipment, what was the total cost of the shipment? 2.)Midwestern Airways flight #403 from Springfield to Cincinnati takes 1 3/4 hours. If the rate of speed is 124 miles per hour, what is the distance from Springfield to Cincinnati? 3.)Mrs. Avers deposited $3000 in her credit union savings account. What amount of interest will she receive on her deposit if she leaves the money in the account for one year at 8 1/2 interest?
Mathematics - 1 Answers
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1 :
1) Quantity x price = total cost 550 x 2.95 = $1622.50 2) rate x time = distance 124 x 1.75 = 217 miles 3) principal x rate = interest 3000 x .085 = $255
