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Vadim26 [7]
3 years ago
10

Q1 - Finding simple interest

Mathematics
1 answer:
stepan [7]3 years ago
4 0

Answer:

£ 5400

Step-by-step explanation:

P = £ 7500

r = 12% = 0.12

t = 6 years

Simple Interest = P*r*t

                         = 7500 * 0.12 * 6

                         = £ 5400

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Answer:

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Step-by-step explanation:

Each day Donna and Mary toss a coin to see who buys the other person coffee ​($2.34 a​ cup). One tosses and the other calls the outcome. If the person who calls the outcome is​ correct, the other buys the​ coffee; otherwise the caller pays. Assume that an honest coin is​ used, that Mary tosses the​ coin, and that Donna calls the outcome.

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3 years ago
How much interest does Ms. Paris earn on an $1800 loan for 6 months with a simple interest rate of 8.5%?
ddd [48]

Answer:

$1136.60

Step-by-step explanation:

The formula for exponential growth is f(x) = a(1 + r)^x where a is the initial value, r is the growth rate, and x is the number of time intervals.

We know that Mr. Paris starts with an $1800 initial value, so we can substitute that into the equation:

f(x)=1800(1 + r)^x

We also know the time intervals is 6 months. So that can be substituted as well:

f(x)=1800(1 + r)^6

They told you that the growth rate is 8.5%, which is 0.085 of 1.

f(x)=1800(1 + 0.085)^6

Add the 2 values in the parentheses and you get 1.085

f(x)=1800(1.085)^6

Now solve.

Order of operations requires you to raise 1.085 to the 6th power before multiplying by 1800. So then you have this:

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So $2936.60 is the total amount of money in the bank account, but were looking for the interest earned, which is the difference between the end value and the initial value.

$2936.60 - $1800 = $1136.60

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3 years ago
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satela [25.4K]

Answer:

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