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Answer: half year
Step-by-step explanation:
The formula to find the simple interest is given by :-
, , where P is the principal amount , r is the rate of interest and t is the time in year.
Given : I=420 ; r=14%=0.14 and P =$6000
Then, we have the following equation :-
It means the duration of the loan is half year .
Answer:
Step-by-step explanation:
Answer:
The dance team raised 170$ during the first fundraiser
Step-by-step explanation:
to find how much the first fundraiser earned let's make an equation and make the first fundraiser the variable x
The equation would be:
x+450=620
so we would take away 450 from both sides
x+450-450=620-450
which would make the equation
x=170
meaning that the first fundraiser raised 170$
Answer: For part A, the formula for the employee's pay is <em><u>P</u></em>ay = hourly <em><u>r</u></em>ate times <em><u>h</u></em>ours . P = r × h The equation is P = 13h To find how many hours are required to earn a given amount, fill in given values and solve for the missing variable . 7800 = 13h h= 7800/13 600 hours needed.
For part B, the formula for this employee's pay is <em><u>P</u></em>ay = <u><em>B</em></u>onus + hourly <em><u>r</u></em>ate times <em><u>h</u></em>ours . P = b + rh
330 = 90 + r(24) 330 - 90 = 24r . 240 = 24r 240/24 = r . r = 10
The employee's pay rate is $10 per hour.
