Answer:
<em>Avram will have to pay $7,047 simple interest</em>
Step-by-step explanation:
<u>Simple Interest</u>
Definition: Interest calculated on the original principal only of a loan or on the balance of an account.
Unlike compound interest where the interest earned in the compounding periods is added to the new principal, simple interest only considers the principal to calculate the interest.
The interest earned is calculated as follows:
I=A.r.t
Where:
I = Interest
P = initial principal balance
r = interest rate
t = time
Avram has a principal of P=$14,500 at a simple rate of r=5.4%=0.054 for t=9 years, thus:
I=14,500*0.054*9=7,047
I=$7,047
Avram will have to pay $7,047 simple interest
Total = 100.00 * (1 + .06/12)^12*20
Total = 100.00 * (1.005)^240
Total = 100.00 *
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3.3102044758
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Total = 331.02
Answer is D
45 plus 67 gives you a number
Hello!
You find the area of a rectangle by the equation A = lw
A is area
l is length
w is width
Put in the values you know
180 = 3x * 6
Now you solve it algebraically
Divide both sides by 6
30 = 3x
Divide both sides by 3
10 = x
The answer is 10in
Hope this helps!
I think the answer to this question is 18
