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sineoko [7]
3 years ago
10

Fabian is taking out a loan in the amount of $10,000. His choices for the loan are a 4-year loan at 4% simple interest and a 6-y

ear loan at 5% simple interest. What is the difference in the amount of interest Fabian would have to pay for each of these two loans?
Mathematics
1 answer:
erica [24]3 years ago
6 0

Answer:

Step-by-step explanation:

The formula for determining simple interest is expressed as

I = PRT/100

Where

I represents interest paid on the loan.

P represents the principal or amount taken as loan

R represents interest rate

T represents the duration of the loan in years.

Considering the first choice,

P = $10000

R = 4%

T = 4 years

I = (10000 × 4 × 4)/100 = $1600

Considering the second choice,

P = $10000

R = 5%

T = 6 years

I = (10000 × 5 × 6)/100 = $3000

the difference in the amount of interest that Fabian would have to pay for each of these two loans is

3000 - 1600

= $1400

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Two ships leave a harbor together, traveling on courses that have an angle of 135°40' between them. If they each travel 402 mile
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Therefore they are 734.106 miles apart.

Step-by-step explanation:

Given that ,

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\frac{AB}{sin\angle C}=\frac{BC}{sin \angle A}=\frac{AC}{sin \angle B}

Taking last two ratio,

\frac{BC}{sin \angle A}=\frac{AC}{sin \angle B}

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\frac{402}{sin 22^\circ30'}=\frac{AC}{sin 135^\circ40'}

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