The formula for simple interest is <em>I</em> = <em>prt</em>, where <em>I</em> is the amount of interest, <em>p</em> is the principal borrowed, <em>r</em> is the interest rate written as a decimal number, and <em>t</em> is the amount of time in years. First we find the amount of interest. He borrowed $35000 but paid back $46375. That means he paid 46375-35000 = $11375 in interest. We can now substitute our information into our interest formula:
11375=35000(<em>r</em>)(5)
11375=35000(5)(<em>r</em>) ----- remember that multiplication is commutative
11375=175000<em>r</em>
Divide both sides by 175000 to cancel it:
11375/175000 = 175000<em>r</em>/175000
0.065 = <em>r</em>
To convert this to a percentage, we multiply by 100:
0.065(100) = 6.5%
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Answer is A
Answer:
Step-by-step explanation:
÷ 4 = x 
=
When you have a fraction divide a number, you need to multiple it's reciprocal
Answer:
<u>Total Cost (in dollars) = a + c</u>
Step-by-step explanation:
<u>Algebra</u>
When mathematics quantities are generalized into letters or variables, then we are dealing with algebra.
We are said the cost of an adult's ticket into a theme park is $a and a child's ticket costs $c. Since both quantities are unknown, we must treat them as variables and use the same logic procedure to solve the problem as if they were numbers.
The total cost for an adult and a child is the sum of both individual costs, thus
Total Cost (in dollars) = a + c
