Answer:
<em>In one year he will pay about $32 in interest</em>
Step-by-step explanation:
<u>Simple Interest
</u>
Interest is calculated on the original principal only of a loan or on the balance of an account.
Unlike compound interest where the interest earned in the compounding periods is added to the new principal, simple interest only considers the principal to calculate the interest.
The interest earned is calculated as follows:
I=P.r.t
Where:
I = Interest
P = initial principal balance
r = interest rate
t = time
Steve paid a down payment of $100 for a guitar that costs $500, therefore he stills owes P=$500-$100=$400. This is the principal amount that will be paid at an interest rate of 8% = 0.08. In t=1 year, he will pay in interest:
I = $400*0.08*1
I = $32.
In one year he will pay about $32 in interest
If you would like to know who is correct, you can calculate this using the following steps:
8 times 1/4 of a mile = 8 * 1/4 of a mile = 8/4 miles = 2 miles
Result: Angelo rode a total of 8/4 miles which is equal to 2 miles. They are both correct.
Answer:
5. Jim covered 36km
6. 4 hours.
7. 7 hours.
8. It would take 3 hours.
Step-by-step explanation:
Pls mark brainliest.
The area of the pool is equal to the length times the width. Substitute the given values to create a polynomial. Then, either distribute or use a value table to multiply the terms. Then, simplify like terms and place the terms in the order of standard form. (2x^2+17x+8)