I know Iscoscles and acute only
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:
Formula: A = 48,000(1+0.02)^t
salary after 30 years: $ 86,945.35
Step-by-step explanation:
Hi, to answer this question we have to apply an exponential growth function:
A = P (1 + r) t
Where:
p = initial salary
r = raising rate (decimal form)
t= years
A = salary after t years
Replacing with the values given:
A = 48,000 (1+ 2/100)^t
A = 48,000(1+0.02)^t
Salary after 30 years: substitute t=30
A = 48,000(1+0.02)^30
A = 48,000(1.02)^30
A=$ 86,945.35
Feel free to ask for more if needed or if you did not understand something.
Answer:
328.4
Step-by-step explanation:
sorry I don't know the step by step
