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Using simple interest, it is found that $13,872 was loaned at 9%.
<h3>Simple Interest</h3>The amount of money after t years in simple interest is modeled by:
In which:
- P is the initial amount.
- r is the interest rate, as a decimal.
The interest earned is:
A bank loaned out $14000, in two parts, hence:
Part of it at the rate of 9% per year and the rest at 17% per year, hence:
The interest received in one year totaled $2000, hence:
Then:
Isolating as a function of
, then we can replace on the equation for the first interest.
Then:
$13,872 was loaned at 9%.
To learn more about simple interest, you can take a look at brainly.com/question/25296782
Answer:
A. 11
Step-by-step explanation:
The average rate of change of the given function over the interval [2,6] is simply the slope of the secant line connecting the point (2,f(2)) and (6,f(6)).
This implies that, the average rate of change over [2,6]
From the table f(6)=71
Since we want the average rate of change to be 15, we have;
This implies that;
The correct choice is A.