The loan's future value A, or the total amount due at time t is $1105.
Given, P = $1000, r = 3.5%, t = 3 months.
We need to find the loan's future value A.
<h3>What is Simple interest?</h3>
Simple interest is computed on the principal amount of a loan or the first deposit in a savings account. Simple interest does not compound, therefore an account holder will only get interest on the principal, and a borrower will never have to pay interest on previously collected interest.
We know that, 
Now, 

As we know, 

Hence, the loan's future value A, or the total amount due at time t is $1105.
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Solutions just means the amount of times the lines intersect, so there are no solutions. Since the lines are parallel, they’re going the exact same direction forever and ever, never intersecting. Hope this helps!
36/54 = x/100
54x = 100 * 36
54x = 3600
x = 3600 ÷ 54
x = 66.666666.... so 66.67
First put it into a proportion and then cross multiply. After that you divide both sides by 54 to get x alone which gives you 66.66666 which is rounded to 66.67
Answer: 66.67%
One equation for this would be

We start by finding the slope between the two points:

A line parallel to this one will have the same slope. We will use point-slope form to write our equation: