Answer:
The Amount after 2 years is $8765.25
Step-by-step explanation:
Given as :
The principal loan amount = p = $7540
The rate of interest = r = 6.5%
The time period of loan = t = 2 years = years = 2.5 years
Let The Amount after 2.5 years = $A
Now,<u> From Simple Interest method</u>
Simple Interest =
Or , s. i =
Or, s.i =
Or, s.i =
Or, s.i = $1225.25
So, The simple interest = s.i = $1225.25
Now, Again
∵ Amount = Principal + interest
So, A = $7540 + $1225.25
∴ A = $8765.25
So, The Amount after 2 years = A = $8765.25
Hence,The Amount after 2 years is $8765.25 Answer
Answer:
Step-by-step explanation:
The slope of a line given two points can be found by using the formula
From the question we have
We have the final answer as
Hope this helps you