Line A passes through the points (4.3) and (-7, 12). Line B is parallel to Line A. What is the slope of Line B?
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Simple interest is $ 9
<em><u>Solution:</u></em>
Given that,
P = $ 400
T = 0.25 years
<em><u>The formula for simple interest is:</u></em>
Where,
I is the simple interest earned
R is the rate of interest in decimal
T is the number of years
<em><u>Substituting the values we get,</u></em>
Thus simple interest is $ 9