Hello
3 years. Since no mention of compounding was made I will assume that it's 3.5% simple interest. So first, let's calculate what percent of the entire loan was interest. Just a simply matter of division. 2625 / 25000 = 0.105 = 10.5% Now lets' divide the percentage of the loan that was paid in interest by the interest rate. 10.5% / 3.5% = 3 So the company took 3 years to repay the loan.
Have a nice day
Answer:
(6x^4-7)(6x^4+7)
Step-by-step explanation:
36x^8-49
1. look for a gcf. since there isn't one, you move on to the next step.
2. what multiplies to what you need. you can do box method or diamond method.
3. (6x^4-7)(6x^4+7)
Hey there!
Good luck on your assignment and enjoy your day!
~
Suppose the interest rate is 4%, the equivalent of $200 in one year will be:
A=P(1+r/100)^n
where:
p=principle amount
r=rate
n=time
Hence the amount in 1 year will be:
A=200(1+4/100)^1
A=$208
Therefore $200 today is equivalent of $208 in 1 year.
In order for them to raise the same amount of money, they will need to sell 12 bags of cookies.
<h3>What is the equation?</h3>
A mathematical statement consisting of an equal symbol between two algebraic expressions with the same value is known as an equation.
If x is no of bags of cookies must they sell in order for them to raise the same amount of money;
For sister 1 ;
You start out with $24 and sell each bag of cookies, c, for $3.The amount of money the person raised;
y = $ 24 + ($3 / bag)x
y=24+ 3x
For case 2;
y= $ 0+ ($5 / bag)x
y=5x
If both raise the same amount of money(y) then;
24 + 3x = 5x
5x-3x=24
2x=24
x=12
Hence, the number of bags of cookies will be 12 must they sell in order for them to raise the same amount of money.
To learn more, about equations, refer;
brainly.com/question/10413253
#SPJ1
