The formula for simple interest is <em>I</em> = <em>prt</em>, where <em>I</em> is the amount of interest, <em>p</em> is the principal borrowed, <em>r</em> is the interest rate written as a decimal number, and <em>t</em> is the amount of time in years. First we find the amount of interest. He borrowed $35000 but paid back $46375. That means he paid 46375-35000 = $11375 in interest. We can now substitute our information into our interest formula:
11375=35000(<em>r</em>)(5)
11375=35000(5)(<em>r</em>) ----- remember that multiplication is commutative
11375=175000<em>r</em>
Divide both sides by 175000 to cancel it:
11375/175000 = 175000<em>r</em>/175000
0.065 = <em>r</em>
To convert this to a percentage, we multiply by 100:
0.065(100) = 6.5%
There are three steps:<span>Rearrange the equation so "y" is on the left and everything else on the right.Plot the "y=" line (make it a solid line for y≤ or y≥, and a dashed line for y< or y>)<span>Shade above the line for a "greater than" (y> or y≥) or below the line for a "less than" (y< or y≤).</span></span>
Answer:
Step-by-step explanation:
Start with the given
Divide the two on both sides to get
Answer:
Find the stated lengths and values of rectangle M 26 N
LMNO. Round to the nearest tenth. P 5a - 7 2a + 8 240 9. MO
10. LP O 11. LM 12. ZNMO Find the missing leng..
To
answer this question we have to first determine how many times 100
can go into 13,300. To find this we do the following:
<span>$13,300/$100
= 133</span>
<span>Now
we simply multiply the result by $2.74:</span>
<span>$2.74*133
= $364.42.</span>
<span>Finally
we just multiply that by the total number of payments which are
(monthly payment, 12 months in a year, for 4 years).</span>
<span>$364.42*(12*4)
---> $364.42*48 = $17,492.16.</span>
The correct answer is choice 4.) 17,492.16
<span>I
hope this helps, Regards.</span>
