Answer:
The amount of interest payable after 6 months is $28.
Step-by-step explanation:
Here, the Principal amount borrowed = $400
Rate of Interest = 14%
Time = 6 months = 6 / 12 years = 0.5 year
Now, SIMPLE INTEREST = 
So, here SI = 
or, SI = $28
Hence, the amount of interest payable after 6 months is $28.
Answer:
1 solution.
General Formulas and Concepts:
<u>Pre-Algebra</u>
Step-by-step explanation:
<u>Step 1: Define equation</u>
9(z + 8) = -9z - 72
<u>Step 2: Solve for </u><em><u>x</u></em>
- Distribute 9: 9x + 72 = -9z - 72
- Add 9z to both sides: 18z + 72 = -72
- Subtract 72 on both sides: 18z = -144
- Divide 18 on both sides: z = -8
Here we see that we will get only 1 solution for <em>z</em>.
Ending Balance with Simple Interest Formula
This can be determined by multiplying the $1000 original balance times [1+(10%)(3)], or times 1.30. Instead of using this alternative formula, the amount earned could be simply added to the original balance to find the ending balance.Answer:
Step-by-step explanation:
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