Answer:
The amount of interest is $5580.
Step-by-step explanation:
Given : Jacob borrowed $30, 000 to start up his consulting business. The loan had simple interest rate of 6.2% for 3 years.
To find : The amount of interest he will pay with the loan ?
Solution :
Using interest formula,

Where, P is the principal P=$30,000
R is the rate of interest R=6.2%=0.062
T is the time t=3 years.
Substitute the value in the formula,


Therefore, The amount of interest is $5580.
Starting with 5^0 (since in PEMDAS, we have parenthesis, exponents, multiplication, division, addition, and subtraction, and exponents come before multiplication), we know that anything to the power of 0 equals 1. Therefore, 5^0=1. Next, for 2^1, anything to the power of 1 means it's that number, so 2^1=2. Note that for 2^3 (and for most exponents), however, it's 2 multiplied by itself 3 times, or 2*2*2=8. Since 5^0=1 and 2^1=2, 5^0*2^1=1*2=2
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Answer:
P(0, 1)
Step-by-step explanation:
Using the section formula
=
=
= 0
=
=
= 1
Hence P(0, 1)