Jacob borrowed $30, 000 to start up his consulting business. The loan had simple interest rate of 6.2% for 3 years. Use I= part
1 answer:
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.
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Answer:
5
Step-by-step explanation:
First figure out the equation:
We know this is a linear equation because it appears to have a constant slope
Its y-intercept is where it passes in the y-axis, so it's -8
Furthermore, you should also figure out the slope. Notice that the y value increments by 3 every 1 x-value. Rise/Run is 3/1 = 3. Thus, the slope is 3
So your equation is g(x) = 3x - 8
Now we find our inverse function, which is just swapping the x-y values.
Thus, inverse of g(x) ==> y = 3x - 8 ==> x = 3y - 8 ==> x+8 = 3y ==>
Plug in 7 for x and you get 5