The original annual simple interest rate, rounded to two decimal places, is 3.79%
What is the formula for simple interest?
The simple interest on a loan or deposit is determined as the principal multiplied by the simple interest rate and time
I=PRT
The first loan:
P=12 850.00
R=r(assume it is r)
T=4 years
I=12 850.00*r*4
I=51400r
The second loan was taken after 14 quarters the first was taken out, which is the same as after 3.5 years, hence, the interest on the second loan is only for a half a year
P=3 273.00
R=0.5r( half of the interest on the first loan)
T=0.5 years
I=3 273.00*0.5r*0.5
I= 818.25r
Total interest=51400r+818.25r
Total interest=52218.25r
total interest paid=1 980.00
1 980.00=52218.25r
r=1 980.00/52218.25
r=3.79%
Find out more about simple interest on: brainly.com/question/1115815
#SPJ1
The length of the building in the scale drawing is 31. 25 Inches
<h3>How to determine the value</h3>
From the information given, we have that;
- Scale drawing was used
- 0. 25 inches represents 2 feet
- The length of the building is 250 feet
Then,
If 0. 25 inches = 2 feet
Then x inches = 250 feet
cross multiply
x × 2 = 0. 25 × 2500
Multiply through, we have;
2x = 62. 5
Make 'x' the subject by dividing both sides by 2
2x/2 = 62. 5/ 2
x = 31. 25 Inches
Thus, the length of the building in the scale drawing is 31. 25 Inches
Learn more about scale drawing here:
brainly.com/question/25324744
#SPJ1
Answer:
No
Step-by-step explanation:
The lines arent equal
Answer:
I think it is B
Step-by-step explanation: