Let's solve this problem step-by-step.
STEP-BY-STEP SOLUTION:
Let's first establish the simple interest formula which we will require to solve this problem as displayed below:
Simple Interest = Principal × Rate of Interest × No. of Time Periods
I = PRN
Now let's substitute the values from the problem into this formula as displayed below:
I = $90
P = ?
R = 6%
N = 3 years
I = PRN
90 = P × 0.06 × 3
P = 90 / 0.06 × 3
P = 90 / 0.18
P = $500
ANSWER:
As the principal and the amount borrowed is the same, Claire borrowed $500. Therefore, the answer is:
D ) $500
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Answer: a and b
Step-by-step explanation:
The formula of a continuous compound interest is
A=p e^rt
A the balance?
P present value 750
E constant
R interest rate 0.08
T time 5 years
A=750×e^(0.08×5)
A=1,118.87
Answer:
might wanna take a picture instead...
Step-by-step explanation:
here is fig 15
x=36 (v.o.a are equal)
36+y=180
y=180-36=144
y=z=144 vertically
