1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
prohojiy [21]
3 years ago
7

Paula Frye loaned $10,000 to her son's new business at 5% ordinary simple interest (360-day year). At the end of the loan period

, Paula received the $10,000 plus $125 interest. Compute the length of the loan period (to the nearest day)
Mathematics
1 answer:
kakasveta [241]3 years ago
3 0

Answer:

The length of the loan period is 0.25 years , i.e 3 months

Step-by-step explanation:

Given as :

The loan amount = $ 10,000

The rate of interest applied = 5 % at simple interest yearly

The Amount receive = $ 10 ,000 + 125 interest

So, The interest receive for the loan  = $ 125

Let the duration of loan period = T years

<u>From Simple Interest method</u>

Simple Interest = \dfrac{\textrm Principal\times \textrm rate\times \textrm Time}{100}

or, $ 125 = \dfrac{\textrm $ 10,000\times \textrm 5\times \textrm Time}{100}

or. 125 × 100 = 10,000 × 5 × T

or, T = \dfrac{125\times 100}{5\times 10,000}

or, T = \dfrac{12500}{50,000}

∴ T = 0.25

So, the time period of loan = 0.25 years = 3 months

Hence The length of the loan period is 0.25 years , i.e 3 months  Answer

You might be interested in
Look at the subtraction expression below. ( Please. Help. Quick.)
dimulka [17.4K]

Answer:

A.

Step-by-step explanation:

Because they are both subtracting, both lines have to go to the left

4 0
3 years ago
Read 2 more answers
If 260 is increased by 170%, what is the resulting number?
iragen [17]
Hello!
----------
The answer is 442.
----------
WORK: 170%=1.7*260=442
----------
Hope this helps and have a great day!
4 0
3 years ago
If the figure is rotated 270° counterclockwise about the origin, what is the length of segment N′P′?
kap26 [50]

Answer:

Option (2)

Step-by-step explanation:

Since, rotation of any figure is a rigid transformation, side lengths and measure of angles of the image polygon after rotation will remain same.

NP = N'P'

Coordinates of N → (5, 9)

Coordinates of P → (7, 9)

Formula of distance between two points (x_1,y_1) and (x_2,y_2) is,

d = \sqrt{(x_2-x_1)^2+(y_2-y_1)^2}

By this formula length of NP = \sqrt{(7-5)^2+(9-9)^2}

                                               = 2 units

Therefore, Option (2) will be the correct option.

7 0
3 years ago
The measure angle of 92°. What is the measure of its supplementary angle
xxMikexx [17]

Answer:

180-92= 88 degree

Step-by-step explanation:

180-92= 88 degree

8 0
2 years ago
Read 2 more answers
What does f(x)= 2/3x + 1 equal can you guys help me?
sashaice [31]
The answer to your question is 2
3 0
3 years ago
Other questions:
  • Randy and Jason have $5.00 each after they pay for their tickets. The shared a big popcorn for $2.50 and a jumbo soda for $3.50.
    11·1 answer
  • What is the slope of line<br> 4x+6y=24
    14·1 answer
  • Sewing patterns recommended buying extra fabric in case of mistakes. Darlene bought 7 yards of fabric, plus 20% extra fabric. Ch
    8·1 answer
  • What is figure formed by two rays that originate from the same point?
    10·1 answer
  • Solve 3x + 8 = 2x + 21
    7·2 answers
  • A plane is flying at an altitude of 17,000 feet. The angle of depression from the plane to the airport on the ground is 21°. Wha
    14·1 answer
  • Plz help
    11·1 answer
  • Use the properties of equality to solve the equation 3x+2-x=11x+9. State which property justifies your first step and why you ch
    15·1 answer
  • A tank is full of water. Find the work required to pump the water out of the spout. Use the fact that water weighs 62.5 lb/ft3
    6·1 answer
  • Prompt
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!