The additional interest Benson pay each month is $750 if he invested at the rate of 2% for one year, option (b) is correct.
<h3>What is simple interest?</h3>
It is defined as the interest on the based on the principal amount, it does not include the compounded amount. The interest calculate on the initial amount or borrowed amount.
We know the formula for the simple interest is given by:
I = PRT
Where I is the simple interest.
P is the principal amount
R is the rate of interest
We have in the question:
I = $180
R = 2% = 0.02
T = 1 year
Put the above values in the formula, we get:
180 = P(0.02)(1)
P = $9000
The additional interest Benson pay each month is:
= 9000/12
= $750
Thus, the additional interest Benson pay each month is $750 if he invested at the rate of 2% for one year option (b) is correct.
Learn more about the simple interest here:
brainly.com/question/22621039
Answer:
opposite of -7 is 7 the oppositeof 3 is -3 oppositeof -4 is 4
9 divided by 13 = 9/13
None of the answer above
Should be: 9 • 1/13
Answer:
Below in bold.
Step-by-step explanation:
1. 165/3.3 = 50 meters/second.
2. In 4 seconds the skydiver will fall 4*50 = 200 meters.
Equation:
500-30x=130+20x
Since you want to find when they are the same, you put an equal sign. Also, since one is gaining and the other is losing, you have an addition and subtraction sign.
Solution:
370= 50x
x=7.4
Answer:
After 7.4 years, the clubs will have the same members, which is 278 members.
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