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jasenka [17]
3 years ago
10

A) What FRACTION is equal to 50% of 1/3?b) what FRACTION is equal to 75% of 1/2​

Mathematics
1 answer:
blondinia [14]3 years ago
6 0

Step-by-step explanation:

a is 1/6

b is 3/8

i dont understand how though sorry my friend just told me the answers

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Avram borrows $14,500 at 5.4% simple interest to open a small business. His bank allows him 9 years to pay back the loan. How mu
Elis [28]

Answer:

<em>Avram will have to pay $7,047 simple interest</em>

Step-by-step explanation:

<u>Simple Interest</u>

Definition: Interest calculated on the original principal only of a loan or on the balance of an account.

Unlike compound interest where the interest earned in the compounding periods is added to the new principal, simple interest only considers the principal to calculate the interest.

The interest earned is calculated as follows:

I=A.r.t

Where:

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Avram has a principal of P=$14,500 at a simple rate of r=5.4%=0.054 for t=9 years, thus:

I=14,500*0.054*9=7,047

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Avram will have to pay $7,047 simple interest

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