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Contact [7]
3 years ago
9

Please show work!

Mathematics
1 answer:
barxatty [35]3 years ago
3 0
Okay. So the formula for the amount of time is I / Pr, meaning you multiply the principal and the rate in decimal form together, and you divide the amount of interest by that number. The formula for finding the interest rate is I / Pt, meaning you multiply the principal and time, and the you divide the amount of interest by that number. With a decimal, be sure to multiply by 100 to get the whole percentage. With that being said, if you solve this correctly, here are your answers.

Principal: $6,631
Interest Rate: 8.05%
Time: 33 months
Simple Interest: $1,467.94

Principal: $884,706
Interest Rate: 5.42%
Time: 40 months
Simple Interest: $159,931

Note: For times in months, you'll have to do some conversion into decimals, but you know that 12 months equal 1 year, so you can divide the time period by 12. For the second part, I happened to get 5.43% when I worked it out, but a calculator happened to round off to 5.42%, so it's a bit confusing, but those are the answers.
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What does p equal <img src="https://tex.z-dn.net/?f=%5Cfrac%7Bp%7D%7B4%7D%20-%20-15%20%3D%2019" id="TexFormula1" title="\frac{p}
ExtremeBDS [4]

The value of p from the given equation is 136.

The given equation is p/4 - 15 = 19.

<h3>What is an equation?</h3>

In mathematics, an equation is a formula that expresses the equality of two expressions, by connecting them with the equals sign =.

The given equation is solved as follows:

Transpose -15 to other side of the given equation

That is, p/4 = 19+15

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Cross multiply 4 to 34

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Therefore, the value of p from the given equation is 136.

To learn more about an equation visit:

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