Answer:
a) Simple interest paid = $360
b) Total repayment amount = $6360
Step-by-step explanation:
It is given that:
Principal, P = $6000
Rate of interest, R = 2%
Time, T = 3 years
<em>(a) Total interest paid</em>:
<u>Formula</u> for Simple Interest is given as:
Putting the values of P, R and T to find out Simple Interest:
<em>(b) Total repayment amount</em>:
We know that formula for total amount is given as:
<em>Amount = Principal + Simple Interest</em>
Amount = 6000 + 360 = $6360
So, total repayment amount = $6360
So, the answers are:
a) Simple interest paid = $360
b) Total repayment amount = $6360
Answer:
x = 136/11
, y = 68/11
Step-by-step explanation:
Solve the following system:
{6 x - y = 68
2 y = x
Hint: | Choose an equation and a variable to solve for.
In the second equation, look to solve for x:
{6 x - y = 68
2 y = x
Hint: | Reverse the equality in 2 y = x in order to isolate x to the left hand side.
2 y = x is equivalent to x = 2 y:
{6 x - y = 68
x = 2 y
Hint: | Perform a substitution.
Substitute x = 2 y into the first equation:
{11 y = 68
x = 2 y
Hint: | Choose an equation and a variable to solve for.
In the first equation, look to solve for y:
{11 y = 68
x = 2 y
Hint: | Solve for y.
Divide both sides by 11:
{y = 68/11
x = 2 y
Hint: | Perform a back substitution.
Substitute y = 68/11 into the second equation:
{y = 68/11
x = 136/11
Hint: | Sort results.
Collect results in alphabetical order:
Answer: {x = 136/11
, y = 68/11
Find the common denominator of 6 and 4.
6: 6, 12...
4: 8, 12...
We can use 12 for this example.
5/6 to ?/12.
12 / 6 = 2, therefore do 5 x 2.
5 x 2 = 10. 10/12.
1/4 to ?/12.
12 / 4 = 3, therefore do 3 x 1.
3 x 1 = 3. 3/12.
13/12. 1 1/12.
I believe you ran out of space or didn't put answer D. I researched this question and concluded that the other choice is 1 and 1/12.
The answer is 1 and 1/12.
75(x-2) where x represents the amount originally paid
