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FinnZ [79.3K]
3 years ago
14

A loan company charges $30 interest <br />for a one month loan of $500. Find the annual interest they are charging ​

Mathematics
1 answer:
xz_007 [3.2K]3 years ago
4 0

Answer:

$360

Step-by-step explanation:

If the company charges $30 for $500 in one month.

The interest they will be changing for a year = 30*12 = $360 interest.

It's just simple, multipling the the interest value by 12 to get it's annual interest value.

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Answer:

£11,904

Step-by-step explanation:

Simple interest = PRT/100 where P = initial investment, R = rate and T = time.

So interest on £9600 = 9600*8*3/ 100

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So the value after 3 years = 9600 + 2304

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3 0
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Shtirlitz [24]

Answer:

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Step-by-step explanation:

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y - 6 = 4x + 20

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We know that b = y-intercept for the y-intercept is 26.

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7 0
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Answer:

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3 0
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So,

One tenth of 24 is the same as this:
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