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The World Issues club has decided to donate 60% of all their fundraising activities this year to Stephen Lewis Foundation. This foundation was created to help ease the pain of HIV/AIDS in Africa. Lewis, a Canadian, works for the United Nations trying to determine ways to stop the spread of this deadly disease from crippling an entire continent. a) Choose a variable to represent the money earned during fundraising activities and the revenue generated for the foundation b) Use these variables to create an equation that will determine the amount of money the foundation will receive.
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Sally deposited money into a savings account paying 4% simple interest per year. the first year, she earned $75 in interest. how much interest will she earn during the following year?
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