Answer:
$308.20
Step-by-step explanation:
The simple interest formula i = p·r·t applies here:
($1675)(0.046)(4) = $308.20
Answer:
Step-by-step explanation:
From the problem statement, we can set up the following two equations:


where
is the number of Knicks players, and
is the number of Nets players.
We can substitute the first equation into the second and solve for 








Answer:
$3,500 at 10% and $6,500 at 7%.
Step-by-step explanation:
M * 10% + (10000 - M) * 7% = 805
0.1M + 700 - 0.07M = 805
0.03M = 105
M = 3500