PLEASE HELP 75 POINTS: What is the length of time a loan will last if it has a rate of 0.02, a principal of $500, and it accrued
$60 of interest if Interest = Principal * Rate * Time. How would you reduce the time of the loan?
1 answer:
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Answer:
<em>The shaded region has an area of 1400 square units</em>
Step-by-step explanation:
<u>Area of Compound Shapes</u>
We are given a shape and it's required to calculate its area. The shape can be divided into three rectangles as shown in the figure attached below.
The lengths of these rectangles are x, y, and z.
The value of x can be calculated as:
x = 60 - 15 - 10 = 35
Similarly:
y = 60 - 15 = 45
z = y = 45
The first rectangle has dimensions of x by 10, thus its area is:
A1 = 35*10 = 350
The second rectangle has dimensions of 60 by 10:
A2 = 60*10 = 600
The third rectangle has dimensions y by 10:
A3 = 55*10 = 450
The shaded area is:
A = 350 + 600 + 450 = 1400
The shaded region has an area of 1400 square units
