the first simple interest will be $1.73 more than the second one.
<h3>
Which is the difference between the two interests?</h3>
The loan is of $575, and there are two options:
7 years at 4.5% or 8 years at 3.9%
Remember that the simple interest formula is:
SI = (P*R*T)/100
Where:
P = principal value.
R = rate (this is the percentage per year)
T = time, in years.
Then for the first option. the interest will be:
SI = ($575*4.5*7)/100 = $181.13
For the second option we will have the interest:
SI' =( $575*3.9*8)/100 = $179.4
The difference is:
$181.13 - $179.4 = $1.73
This means that the first simple interest will be $1.73 more than the second one.
If you want to learn more about simple interests:
brainly.com/question/20690803
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Answer:
Step-by-step explanation:
Answer:
2/16
Step-by-step explanation:
i just doubled he equation
Answer:
9/2
Step-by-step explanation:
perpendicular lines have slopes that are opposite and reciprocal
the reciprocal of -2/9 is 9/2
Answer:
Vans - 7
Cars - 15
Step-by-step explanation:
$200 * 7 = $1400
$100 * 15 = $1500
$1400 + $1500 = $2900