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
The ratio 8.4 to 4.4
Mnenie [13.5K]
Ratios can be written in multiple ways such as

a:b
a to b
a/b

So we can write yours in those three ways:

8.4:4.4
8.4 to 4.4
8.4/4.4
5 0
3 years ago
1. Write a paragraph proof for the following conjecture.
Scorpion4ik [409]
PQS would be set equal to SQR
PQS equals 45 degrees and QS bisects PQR
so therefore 45+45 would have to equal 90, since half of 90 is 45
8 0
3 years ago
Read 2 more answers
Which facts are true for the graph of the function below? Check all that apply.
Ludmilka [50]

Answer:

B. D. E

Step-by-step explanation:

6 0
2 years ago
How do I find the perimeter of these regular polygons when only given the area. PS only allowed to use a=1/2bh formula, no other
timama [110]

Answer:

7. 25 and 8. 18. I think it is. I hoped that is was right.

Step-by-step explanation:

150/6=25. 90/5=18.

7 0
3 years ago
The sides of a triangle measure 2.24 inches, 3.56 inches, and 4.50 inches. What is the perimeter of this triangle? Report the an
kap26 [50]

The perimeter is 10.3.  I think that's already in significant digits, but I'm not sure.  We just got finished learning that in chemistry and it confused me to death!

7 0
3 years ago
Read 2 more answers
Other questions:
  • A car that initially cost 42,000 depreciates in value by approximately 2,000 dollars per year write an equation to represent the
    12·2 answers
  • Please help me right away.
    7·1 answer
  • Emily and a friend bought two tickets to see a soccer game. Each ticket cost $8.25. The friends paid a total of $24.50, which in
    5·1 answer
  • SOMEONE PLEASE HELP ME ASAP PLEASE!!!​
    7·1 answer
  • WHATS THE VALUE IF X HELP ASAP‼️‼️
    6·1 answer
  • Choose the expression that shows the correct distribution of 7(x - 4)<br> 7x-11<br> 7x- 28<br> 7x-3
    11·1 answer
  • Choose the option you consider correct
    5·1 answer
  • Find the measure of the arc DC
    8·1 answer
  • Please help me<br>9=146+x\95<br>X=?​
    14·1 answer
  • Somebody please help me
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!