Answer:
Step-by-step explanation:
First change both units to the same unit
2ft=24 inches
Now your new fraction is 24/54
Now simplify
24/54 = 4/9
The simple interest formula is I = P * r * t
P is the principal (2,000)
r is the interest rate (7% or 0.07)
t is the time (5)
2000 * 0.07 * 5 = 700
$700.00 is the interest
Joe has to pay $700.00 in interest.
Hope this helps :D
Assuming the loan is as described, seven-year loan, which means that Kyle does not repay a cent before seven years.
This is a compound interest problem where n=7 years, interest rate i=0.05, and present value P=8000.
At the end of seven years, Kyle will have to pay
Future value = F = P(1+i)^n = 8000(1.05)^7 = 11256.80 (to the nearest cent)
Its A, and both by a factor 1/15
Answer:
E and A
Step-by-step explanation:
