Simple interest means the interest at the end of each year will always be 8% of 2000 (assuming he doesnt pay some of it off), and will not be compounded with the existing interest.
To get a percentage, multiply by the percentage/100, in this case i.e. multiply by 0.08.
2000*0.08 = $160.
Therefore he has $160 of interest each year to pay.
Now we just need to work out how many lots of 160 go into 640, i.e. divide through.
640/160 = 4 - therefore he has had the loan for 4 years.
This is how it would look on a graph.
6n > n + 20. Hope it helps!
Answer:
$114.3
Step-by-step explanation:
Number of hours worked last week = 12hrs
Amount earned for her work hours = $98
The rate at which she earned = ?
Rate = 
Rate = 
= $8.17/hr
Now;
Since the total hours she worked during the weekend = 14hrs
Amount earned = $8.17/hr x 14hrs = $114.3
