Hey guys I’m so sorry I don’t really have an answer
Given:
Rate of simple interest = 5%
Time = 4 years
Total interest = $160
To find:
The amount borrowed by Austin from a credit union.
Solution:
The formula for simple interest is:

Where, P is principal, r is the rate of interest and t is the number of years.
Putting
in the above formula, we get



Multiply both sides by 5.

Therefore, Austin borrowed $800 from a credit union for 4 years.
Answer:
For the first one you would want to multiple the following:
Step-by-step explanation:
32,000 x 0.03 = 960
And The Second One:
32,000 x 0.05 = 1,600
Answer:
94.92
Step-by-step explanation:
300*(75/100)^4=94.92
A is the answer!! Hope it helps