If the person borrowed $3000 for 3 years at a rate of 2%, how much interest will they owe for the loan

1 answer:

3 0

In this case were going to solve the question using "simple interst", so since were looking for the interest it will be I= PxRxT (I stands for "interest", P stands for "principal", R stands for "rate" and T stands for "time")

so P is $3000

R is 2%

and T is 3 years

so we'll have to turn our rate into a decimal which is 2% = .02

now to start the problem:

I= (3000)(.02)(3) (means 3000 x .02 x 3)

I= $180 is your answer

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What is the value of t in the equation t+12=30 ?

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ANSWER

$x= 9 \: in$

EXPLANATION

The volume of a rectangular prism is given by the formula,

$V = l \times b \times h$
We substitute the dimensions to obtain,

$V = 6 \times 3 \times 12 \: {in}^{3}$

The volume of the rectangular pyramid is,

$V = \frac{1}{3} \times 6 \times 12 \times x \: {in}^{3}$

Equating the two volumes gives,

$\frac{1}{3} \times 6 \times 12 \times x = 6 \times 3 \times 12$

We divide through by 6×12 to get,

$\frac{x}{3}=3$

We solve for x to obtain,

$x = 3 \times 3$

$x = 9 \: in$