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.
Answer:
45
Step-by-step explanation:
3 out of 12 is 1/4, or 0.25, so if you divide 180 by 4, then using the same logic, you can expect 45 kids to have played last year.
3 = 1/4 OR .25 of 12, 12 divided by 4 = 3
180 divided by 4 = 45
Answer:
The answer is 45,000
Step-by-step explanation:
I hope this helps
X=your money
y=total amount
x + (x-50) = y
This is one way to do it but it depends on what you learned from your teacher.