More than anything else, Algebra is a procedure. It has rules and axioms which when followed produce answers to problems -- problems that may not yield anything without Algebra.

These axioms and rules are familiar to anyone who has taken a course in advanced Mathematics. So each person who knows the procedure knows also how mathematics can work. It is a universal language spoken by those trained in what it offers to the education of both the "sender" and the "receiver."

3 0

2 years ago

Find the amount of interest owned for a $1,895 loan for 4 years at a 7.9% interest rate

scoundrel [369]

Answer:

principal (p)=$1895

time (t)=4years

rate(r)=7.9%

Step-by-step explanation:

compound interest amount=p((1+r/100)^t-1)=$1895((1+7.9/100)^4-1)=$1895×((1.355)-1)=$1895×(0.355)=$672.725
simple interest=ptr/100=$1895×4×7.9/100=$598.82

3 0

3 years ago

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