Simply divide with your calculator
18049/14 ≈ 1289.214
≈ 1289.214
Answer:
The loan was for 9 months only
Step-by-step explanation:
In this question, we are concerned with calculating the time taken for a loan om an interest to be paid back
To calculate this, we use the simple interest formula
Mathematically;
I = PRT/100
where P is the principal which is the amount borrowed and that is $500 according to the question
R is the rate which is 8% according to the question
Interest can be calculated by subtracting the principal from the amount paid back = 530-500 = 30$
We now plug these values into the equation
30 = (500 × 8× T)/100
100 × 30 = 4000T
T = 3000/4000
T = 0.75 (same as 0.75 × 12 months = 9 months)
Answer: $6.66
Explanation:
3.70 multiplied by 0.80 = 2.96.
3.70 + 2.96 = $6.66
Answer:
Triangle
Step-by-step explanation:
