Student enrollment at a local school is concerning the community because the number of student has dropped to 504 which is a 20% decease form the previous year. what was the student enrollment the previous year?
annual rate = 6 %/yr
monthly rate = ¹/₁₂ × 6 = 0.5 %/mo
if you invested $100 at 6 % annual simple interest, you would have $106 at the end of the year.
simple interest is calculated only on the principal.
if the interest were calculated at 0.5 % monthly simple interest, you would get $0.50 at the end of each month. at the end of 12 mo, you would have $106.
answer: it dropped 55%
step-by-step explanation: well if you multiply 140x.55 it equals to 77