Answer:
3%
Step-by-step explanation:
Blake bought a new car. He borrowed $12,500 from the bank. After 4 years he had paid off the loan and paid $1500 in interest. What rate did he borrow at?
This is a simple interest question
The formula to find the rate is given as:
Equation:
r = (1/t)(A/P - 1)
t = time = 4 years
P = Principal = $12500
I = Simple Interest = $1500
A = Total Amount = Principal + Simple Interest = $12500 + $1500
= $14000
Calculation:
Solving our equation:
r = (1/4)((14000/12500) - 1) = 0.03
r = 0.03
Converting r decimal to R a percentage
R = 0.03 * 100 = 3%/year
Answer:
36 pages/4 hours
Step-by-step explanation:
The answer is 36 pages/4 hours
Answer:
- 28/19
hope the answer was like this
stay at home stay safe
keep rocking
Answer:
x= -1
Step-by-step explanation:
that's just how it be sometimes?
(-8,-9)
Explanation:
y=2x+7 ; y=x-1
x-1=2x+7
x-1-7=2x+7-7
x-8=2x
x-x-8=2x-x
x=-8
y=x-1
y=-8-1
y=-9