At the end of 8 years, Anna paid $400 interest for a loan. If the simple annual interest rate was 4%, how much did Anna borrow?
2 answers:
You might be interested in
Answer:
V=16
Step-by-step explanation:
We are given that an inverse variation
We have to find the value of V when p=1/2
To find the value of V we will substitute the value of p
Substitute the value of p
Then, we get
Using multiplication property of equality
Using multiplication property of equality
Hence, the value of V=16
Answer: y = 3x + 1
<u>Step-by-step explanation:</u>
The equation is in Slope-Intercept format: y = mx + b where
- m is the slope <em>(difference in y's over difference in x's)</em>
- b is the y-intercept <em>(value of y when x = 0)</em>
b = 1 <em>refer to the table that shows y = 1 when x = 0</em>
Now input m = 3 and b = 1 into the Slope-Intercept formula:
y = 3x + 1