Answer: B) $4,000
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the loan.
P represents the principal or amount taken as loan
R represents interest rate
T represents the duration of the loan in years.
Considering Cathy's loan,
P = $20,000
R = 5.2%
T = 10 years
I = (20000 × 5.2 × 10)/100
I = $10400
Considering Steven's loan,
P = $20,000
R = 4.8%
T = 15 years
I = (20000 × 4.8 × 15)/100
I = $14400
The difference between the amounts of interest Cathy and Steven paid for their loans is
14400 - 10400 = $4000
The price before the tip was 8 dollars
Answer:
Retail Price = $155
Step-by-step explanation:
The retail price is 55% MORE than the manufacturer buying price.
The manufacturer buying price is $100. So the retail price would be 55% MORE.
Firstly,
55% in decimal is:
55/100 = 0.55
Now 55% of 100 is:
0.55 * 100 = $55
So, the retail price is $55 MORE, so the retail price is:
100 + 55 = $155
Retail Price = $155
Answer:
she went to the bathroom in another place because the bathroom there was no blacks in there
Step-by-step explanation:
