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:
Yes!
Step-by-step explanation:
4.70 (1/100) = 4.70(.01) = .047
Answer:
Hey there!
Step-by-step explanation:
This is ur answer....
<h2><em>60 + 120 = 180</em></h2>
<h2><em>DEF = 180</em></h2>
Hope it helps!
Brainliest pls!
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Answer:
-14
Step-by-step explanation:
