Answer:
<em>Avram will have to pay $7,047 simple interest</em>
Step-by-step explanation:
<u>Simple Interest</u>
Definition: Interest calculated on the original principal only of a loan or on the balance of an account.
Unlike compound interest where the interest earned in the compounding periods is added to the new principal, simple interest only considers the principal to calculate the interest.
The interest earned is calculated as follows:
I=A.r.t
Where:
I = Interest
P = initial principal balance
r = interest rate
t = time
Avram has a principal of P=$14,500 at a simple rate of r=5.4%=0.054 for t=9 years, thus:
I=14,500*0.054*9=7,047
I=$7,047
Avram will have to pay $7,047 simple interest
Answer:
He is αβ 60° and 30° i need some in my answers 5 brain list answers
ABCDEFGH = 22.
HEFG = 12
ABCD = 10
Answer:
12
Step-by-step explanation:
Answer:
Let P represent the number of pies sold and J represent the number of juices sold.
a)
The first equation for the sum of the sales:
P + J = 79
P = 79 - J
Next, for the sum of the amounts earned:
1.65P + 1.36J = 118.17
Substituting P,
1.65 (79 - J) + 1.36J = 118.17
J = 42
Using this value of J,
P = 79 - 42
P = 37
b)
Mr. Sanchez's class earned: 1.65 x 37 = $61.05
Mr. Kelly's class earned: 1.36 x 42 = $57.12
So Mr. Sanchez's class earned more money.
c) Mr. Sanchez's class earned:
61.05 - 57.12
= $3.93 more than Mr. Kelly's class
Step-by-step explanation:
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