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Answer:
see below
Step-by-step explanation:
You might do well to refer to the proof referenced here--the previous slide. We assume it more or less matches what we've done in the attachment.
Ariane borrows $200 on a 5 year loan she is charged 5% simple interest how much interest is she charged for 5 years what is the
1 answer:
Answer:
Interest: $50 | Total: $250
Step-by-step explanation:
You are going to want to use the simple interest formula for this. The one below is modified for solving the interest earned.
<em>I = interest amount </em>
<em>P = principal amount </em>
<em>r = interest rate (decimal form) </em>
<em>t = time</em>
<em />
Now we can plug in the values into the equation:
This means that Ariane is charged $50 worth of interest. She has to pay back $250 total dollars.
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Step-by-step explanation:
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