Eric P. answered • 04/08/15

Tutor

5.0
(20)
-K-10 math tutor with 6 years of experience

Answer to first question: $1,470

Step 1: Multiply $25,000 by .07 to get $1,750.

Step 2: Multiply $1,750 by .16 to get $280.

Step 3: Subtract $1,750 by $280 to get $1,470.

Answer to second question: 5.8%

Step 1: Divide $1,470 by $25,000 to get .058.