Answer:
John have to pay back $23,327.50 at the end of two years
Step-by-step explanation:
Simple Interest (I) = (PRT) ÷ 100
where P = Principal, R = Rate, T= Time
I = ($150500 × 7.75 × 2) ÷ 100
I = ($2332750) ÷ 100
I = $23,327.50
Answer:
There’s nothing to solve?
Step-by-step explanation:
Answer:
87 minutes
Step-by-step explanation:
Let the total number of minutes = m
Our equation is given as:
$20.21 = $14.99 + 0.06m
20.21 = 14.99 + 0.06m
Collect like terms
0.06m= 20.21 - 14.99
0.06m = 5.22
m = 5.22/0.06
m = 87
Therefore, the total number rod minutes used is 87 minutes