<h3><u>Original Rate</u> <u>Unit Rate</u> </h3>
90 Miles 45 Miles
2 Hours 1 Hour
Answer: <u><em>The Train travels 45 miles in one hour.</em></u>
How i got the answer? I divied the 90 by 2 because we already know the miles/hour for 2 hours and we need 1 hour.
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The original annual simple interest rate, rounded to two decimal places, is 3.79%
What is the formula for simple interest?
The simple interest on a loan or deposit is determined as the principal multiplied by the simple interest rate and time
I=PRT
The first loan:
P=12 850.00
R=r(assume it is r)
T=4 years
I=12 850.00*r*4
I=51400r
The second loan was taken after 14 quarters the first was taken out, which is the same as after 3.5 years, hence, the interest on the second loan is only for a half a year
P=3 273.00
R=0.5r( half of the interest on the first loan)
T=0.5 years
I=3 273.00*0.5r*0.5
I= 818.25r
Total interest=51400r+818.25r
Total interest=52218.25r
total interest paid=1 980.00
1 980.00=52218.25r
r=1 980.00/52218.25
r=3.79%
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An example of a metaphor are “raining cats and dogs” or “throw the baby out with the bath water “