Answer: B) $4,000
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 Cathy's loan,
P = $20,000
R = 5.2%
T = 10 years
I = (20000 × 5.2 × 10)/100
I = $10400
Considering Steven's loan,
P = $20,000
R = 4.8%
T = 15 years
I = (20000 × 4.8 × 15)/100
I = $14400
The difference between the amounts of interest Cathy and Steven paid for their loans is
14400 - 10400 = $4000
0.8 is greater than 0.08, the reason for that is that 0.8 is equal to 8/10=80/100 and 0.08 is equal to 8/100. As a percentage, 0.8 would be 80% and 0.08 would be equal to 8%.
Answer:
5(x-1)
Step-by-step explanation:
Slope intercept form= y=mx+b.
y=9x-9
