Given that loan amount P=20000
Interest rate r=5% = 0.05
Time of loan t=4 years
Now to find the interest amount we just plug those values into formula
simple interest = P × r × t
simple interest = 20000* 0.05* 4
simple interest = 1000 * 4
simple interest = 4000
Hence final answer is choice b. $4000.
Answer:
1. Melissa wants to check the accuracy of the finance charge on her promissory note. She has a $6,000, 4-year loan at an APR of 3.11%.
What is her monthly payment?
$133.10
Answer:
x > 3
interval notation: (3, ∞)
Step-by-step explanation:
Given the inequality statement: 4x - 5 > 7,
The goal is to isolate x and find its solution.
Start by adding 5 to both sides:
4x - 5 + 5 > 7 + 5
4x > 12
Divide both sides by 4:
4x/4 > 12/4
x > 3
The solution can also be expressed in the following interval notation:
(3, ∞).
In terms of graphing, it involves an empty circle on the endpoint, x = 3, as it is not included as a solution. The solution to the given inequality statement must be greater than 3.
Answer:
28
Step-by-step explanation:
if (AB and DC) parallels lines than the equation is alternate interior and therefore congruent to each other