Construct the triangle ABC using as coordinates of its vertices points A(−3, 0), B(4, 5),
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Answer:
A) Interest that will be charged = $4070
B) The total amount to be paid = $12070
Step-by-step explanation:
Given:
Initial amount paid = $8,000
Rate of the interest = 9.25%
Time period = 66 months
<u>A) AMOUNT OF INTEREST CHARGED</u>
<u>Let the interest charge be x</u>
here we are given with number of months i.e., 66 months
converting 66 months into years
=>
=>5.5
so 66 months = 5.5 years
Now substituting the vales in the formula we get,
simple interest, x =
simple interest, x =
simple interest, x =
simple interest, x = 4070
<u>B) TOTAL AMOUNT TO BE PAID:</u>
Let the total amount paid after 66 months be Y
Then ,
Y = Principal amount + interest for 66 months
Y = 8000+ 4070
Y =12070