The legal profession conducted a study to determine the percentage of cardiologists who had been sued for malpractice in the las
1 answer:
You might be interested in
Answer:
Step-by-step explanation:
Given
Required
The locus of P
Express as fraction
Cross multiply
Calculate AP and BP using the following distance formula:
So, we have:
Take square of both sides
Evaluate all squares
Collect and evaluate like terms
Open brackets
Collect like terms
Divide through by 3
Using the simple interest formula, it is found that the APR for the loan is of 4.472%.
<h3>What is the simple interest formula and when it is used?</h3>Simple interest is used when there is a single compounding per time period.
The amount of money after t years in is modeled by:
In which:
- A(0) is the initial amount.
- r is the interest rate, as a decimal.
The parameters for this problem are:
A(t) = 6 x 511.18 = 3067.08, A(0) = 3000, t = 0.5.
We solve the equation for r to find the APR.
1 + 0.5r = 1.02236
r = (1.02236 - 1)/0.5
r = 0.04472.
More can be learned about simple interest at brainly.com/question/25296782
#SPJ1