7ab+5 is the simplest it can be
Answer:
t = 5 years
Step-by-step explanation:
I = $ 2000
P = $ 5000
r = 8%
A rate is a special ratio in which the two terms are in different units. A rate is a little bit different than the ratio, it is a special ratio. For this case, the rate would have units of miles per minutes. We calculate as follows:
rate = 36 miles / 45 min = 0.8 miles per min
distance traveled = 0.8 miles per min ( 60 min ) = 48 miles
Simpe interest rate = PRT/100
— ( principal x rate x time ) / 100
$3,000 is the principal
3 years is the time
2% is the rate
so, PRT/100
(3,000 x 3 x 2) / 100
= $180
Answer : $180
