the first simple interest will be $1.73 more than the second one.
<h3>
Which is the difference between the two interests?</h3>
The loan is of $575, and there are two options:
7 years at 4.5% or 8 years at 3.9%
Remember that the simple interest formula is:
SI = (P*R*T)/100
Where:
P = principal value.
R = rate (this is the percentage per year)
T = time, in years.
Then for the first option. the interest will be:
SI = ($575*4.5*7)/100 = $181.13
For the second option we will have the interest:
SI' =( $575*3.9*8)/100 = $179.4
The difference is:
$181.13 - $179.4 = $1.73
This means that the first simple interest will be $1.73 more than the second one.
If you want to learn more about simple interests:
brainly.com/question/20690803
#SPJ1
A figure formed by 3 segments connecting 3 non-colinear points
<span>55832 + 11.25 x = 25.25 x
</span>55832 = 14 x
x = 3988 books
Answer:
<h2>7</h2>
Step-by-step explanation:
here 7×7 = 49
So the square root of 49 is 7.
Hope it helps you!!
#IndianMurgaツ
