value system, as a river, and each stop along the river is a point where value was added. What was the starting point the one fu
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is the size in wheels on the scale model .
<u>Step-by-step explanation:</u>
Correct Question : Tom has a scale model of his car. The scale factor is 1 : 12. If the actual car has 16-inch wheels, what size are the wheels on the scale model?
We have , The scale factor is 1 : 12. We need to find If the actual car has 16-inch wheels, what size are the wheels on the scale model .Let's find out:
Ratio of size of wheels to actual size of wheels is 1:12 , but actual car has 16-inch wheels So ,
⇒ { x is size of wheel in scale model }
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Therefore , is the size in wheels on the scale model .
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make sure your calculator is in Degree mode.
make sure your calculator is in Degree mode.
The maturity value of a loan of $2500 at the simple interest rate of 4.3% that is needed to be repaid in 8 months is $2607.50.
<h3>What is simple interest?</h3>Simple interest is a method of calculating interest on an amount for n period of time with a rate of interest of r. It is calculated with the help of the formula,
where SI is the simple interest, P is the principal amount, R is the rate of interest, and T is the time period.
As it is given the principal amount of the loan is $2500, while the interest rate is 4.3%, therefore, after a period the interest on the loan will be,
Thus, the interest amount on the loan of $2500, is $107.5.
Now, in order to find the value of the loan we need to add the interest and the principal amount of the loan together. Therefore, the value of the loan can be written as,
The value of the loan = Principal Amount + Interest rate
= $2500 + $107.5
= $2607.50
Hence, the maturity value of a loan of $2500 at the simple interest rate of 4.3% that is needed to be repaid in 8 months is $2607.50.
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