Answer:
Step-by-step explanation:
When it comes to exponential expressions and logarithms, the following relationship applies:
Here, it means ...
The examples of insurable interest is an employer under certain arrangements.
Insurable interest is a investment that protects anything subject to a financial loss. A person or entity has an insurable interest in an item, event, or action when the damage or loss of the object would cause a financial loss or other hardshapes. In order to have an insurable interest a person or entity would take out an insurance policy protecting the person,item, or event in question. The insurance policy is able to mitigate the risk of loss if something happens to the asset-like becoming damaged or lost.
Examples of insurable interest are:
- Yourself
- Your spouse or former spouse
- Your children or grandchildren
- A special needs adult child
- An aging parent
- An employer (under arrangements)
Hence the examples of insurable interest is an employer under certain arrangements.
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The interest she is pay total is $2340.822 when Angela's bank granted her a 6380 loan with a 3 year add-on interest period. 12.23% is the interest rate per year.
Given that,
For the purpose of buying new equipment for her business of antique restoration, Angela's bank granted her a 6380 loan with a 3 year add-on interest period. 12.23% is the interest rate per year.
We have to find will she pay interest at all.
We know that,
i=p×r×t
Here,
i is interest.
p is principal amount.
r is rate of interest
t is time.
So, p is $6380
r is 12.23%
t is 3 years
So,
i= 6380×0.1223×3
i= $2340.822
Therefore, the interest she is pay total is $2340.822 when Angela's bank granted her a 6380 loan with a 3 year add-on interest period. 12.23% is the interest rate per year.
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