The amount of interest after 3 years will be $15.
The complete question is given below.
You loaned a friend $100 and will charge him 5% annual simple interest when he pay it back. What is the amount of interest after 3 years?
<h3>What is simple interest?</h3>
Simple interest is the concept that is used in many companies such as banking, finance, automobile, and so on.
The interest is given as
I = (P × R × T) / 100
Where, P is the initial amount, R is simple interest rate, and T is the time.
We have
P = $100
R = 5%
T = 3 years
Then the interest will be
I = (100 × 5 × 3) / 100
I = $15
More about the simple interest link is given below.
brainly.com/question/2793278
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Answer:
A. Mean = 9.7 (take all the numbers and divide by 10)
Mode = 12
Range = 5
B. Unsure. Would suggest either Mean - average and can tell when bus is running late or early or Mode - highest and lowest time combined
17/29, 14/29, 9/29, 8/9
Hope this helps
62.5% what type of math question is this??
Step 1 = Write the equation in standard form 7x^2-6x+7= 0
Step 2 = Substitute the value of a,b,c into the quadratic formula
Step 3 = Simplify the discriminant
The solution is not a real number
