Answer:
<em>Avram will have to pay $7,047 simple interest</em>
Step-by-step explanation:
<u>Simple Interest</u>
Definition: Interest calculated on the original principal only of a loan or on the balance of an account.
Unlike compound interest where the interest earned in the compounding periods is added to the new principal, simple interest only considers the principal to calculate the interest.
The interest earned is calculated as follows:
I=A.r.t
Where:
I = Interest
P = initial principal balance
r = interest rate
t = time
Avram has a principal of P=$14,500 at a simple rate of r=5.4%=0.054 for t=9 years, thus:
I=14,500*0.054*9=7,047
I=$7,047
Avram will have to pay $7,047 simple interest
Answer:
Real rate = Interest rate - Inflation rate
Here, real rate will be ZERO.
When real rate of return os ZERO annual saving will be Value/Years.
Hence, available real annual savings is $15,300 ($459,000/30)
Step-by-step explanation:
If she runs half the distance to school, and runs the same back, this means that she suns 7/8 miles in a day. In 5 days, 5 x 7/8 = 35/8 miles (or 4.375 miles in 5 days).
Answer:
64 inches
Step-by-step explanation:
If there are four sections of rope and each piece is 16 inches long then we know that 16 times 4 is 64. So your answer is 64 inches lon
Answer: there were 692 visitors on Saturday.
Step-by-step explanation:
Let x represent the number of visitors that were there on Friday.
Let y represent the number of visitors that were there on Saturday.
Let z represent the number of visitors that were there on Sunday.
The theme park had 1099 visitors in 3 days. It means that
x + y + z = 1099- - - - - - - - - - - - - -1
There were twice as many visitors on saturday than on Friday. This means that
y = 2x
x = y/2
There were 234 more visitors on Sunday than on Saturday. This means that
z = y + 234
Substituting x = y/2 and z = y + 234 into equation 1, it becomes
y/2 + y + y + 234 = 1099
Cross multiplying by 2, it becomes
y + 2y + 2y + 468 = 2198
5y = 2198 - 468
5y = 1730
x = 1730/5
x = 346
y = 2x = 2 × 346
y = 692
z = y + 234 = 692 + 234
z = 926
