Answer: $3,927
Step-by-step explanation:
The interest will accrue as a simple interest rate for 10 years and then the grace period of six months.
The total time is therefore: 10.5 years.
Interest for those 10.5 years is:
= Loan amount * No. of periods * interest rate
= 5,500 * 10.5 * 6.8%
= $3,927
4 divided by 2 is equal to 2. A number that is 5 times that would be 10, which is 2x5.
Not sure if it's correct, but I hope it helps :)
Yes that is correct always
Answer:
1st option
Step-by-step explanation:
Given the 2 equations
2x + 5y = 19 → (1)
y = 3x - 3 → (2)
Substitute y = 3x - 3 into (1)
2x + 5(3x - 3) = 19