an investmntment of 4000 is made at an annual simple interest rate of 8%. How much additional money must be invested at 12% so that the total interest earned is 1640?
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To get 12 percent of a number, multiply the given number by the decimal equivalent of 12% which is 0.12. Example: 12% of 15 = 0.12 * 15 = 1.8
45/0.12 = 375 Therefore, the number that 45 is 12 percent of is 375.
To find 12 percent of a number, multiply the number by 0.12. In this instance, 0.12 x 124 = 14.88. Therefore, 12 percent of 124 is equal to 14.88.
To find 12 percent of a number, multiply the number by 0.12. In this instance, 0.12 x 164 = 19.68. Therefore, 12 percent of 164 is equal to 19.68.