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
Answer:
x<5/2
Step-by-step explanation:
We have
2x−3<2
Add 3 to both sides.
2x−3 +3 <2 +3
which makes
2x<5
Divide both sides by 2.
2x/2 < 5/2
x<5/2
Answer:
1234567890
Step-by-step explanation:
1234567890
Answer:
It makes sense to me but I don't know if anyone else agrees
Step-by-step explanation:
