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lisov135 [29]
3 years ago
9

In the situation, simple interest is calculated yearly. How much interest was earned? (Answers above)

Mathematics
2 answers:
goldfiish [28.3K]3 years ago
7 0
Hello there.

In the situation, simple interest is calculated yearly. How much interest was earned? (Answers above)
1100
Ket [755]3 years ago
3 0
The simple interest formula<span> allows us to calculate I, which is the </span>interest<span> earned or charged on a loan. According to this </span>formula<span>, the amount of </span>interest<span> is given by I = Prt, where P is the principal, r is the annual </span>interest<span> rate in decimal form, and t is the loan period expressed in years.

I = Prt
I = 5500 (8) (0.025) = 1100  <----second option</span>
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Answer:

The number of people who ordered steak dinner is 5

The number of people who ordered chicken dinner is 2

Step-by-step explanation:

Given as :

The total number of people went for the dinner = 7

The total bill price for the dinner = $ 109

The price for the chicken dinner = $ 12

The price for the steak dinner = $ 17

Let The number of people who ordered chicken dinner = c

And The number of people who ordered steak dinner = s

Now, According to question

The total number of people went for the dinner = The number of people who ordered chicken dinner + The number of people who ordered steak dinner

Or, c + s = 7

And The total bill price for the dinner = The price for the chicken dinner × The number of people who ordered chicken dinner + The price for the steak dinner ×  The number of people who ordered steak dinner

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Now, solving the equations

$ 12 × ( c + s ) = $ 12 × 7

Or,  $ 12 × c + $ 12  × s = $ 84

Or, (  $ 12 × c + $ 17  × s ) - (  $ 12 × c + $ 12  × s ) = $ 109 - $ 84

Or , (  $ 12 × c - $ 12  × c ) +  (  $ 17 × s - $ 12  × s ) = $ 25

Or, ( 0 ) + ( $ 5 s ) = $ 25

∴ s = \frac{25}{5}

I.e s = 5

So, The number of people who ordered steak dinner = s = 5

Put the value og s in Eq A

∵,  c + s = 7

or,  c = 7 - s

Or, c = 7 - 5

I.e   c = 2

So , The number of people who ordered chicken dinner = c = 2

Hence The number of people who ordered steak dinner is 5

And The number of people who ordered chicken dinner is 2   Answer

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