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Mars2501 [29]
3 years ago
6

Daniel borrowed $5000 from the bank for 2 years at 9% simple interest per annum. Calculate how much interest Daniel is charged.

Mathematics
1 answer:
RideAnS [48]3 years ago
6 0

Answer:

Daniel is charged $900

Step-by-step explanation:

This is because 9 percent of 5000 is 450. Multiply 450x2 and get 900.

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~ Simplifying

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~ Reorder the terms:

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~ Reorder the terms:

-4 + -4x = -7(4 + x)

-4 + -4x = (4 * -7 + x * -7)

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~ Solving

-4 + -4x = -28 + -7x

~ Solving for variable 'x'.

~ Move all terms containing x to the left, all other terms to the right.

~ Add '7x' to each side of the equation.

-4 + -4x + 7x = -28 + -7x + 7x

~ Combine like terms: -4x + 7x = 3x

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~ Combine like terms: -7x + 7x = 0

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~ Add '4' to each side of the equation.

-4 + 4 + 3x = -28 + 4

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~ Combine like terms: -28 + 4 = -24

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~ Divide each side by '3'.

x = -8

~ Simplifying

x = -8

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