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Neko [114]
3 years ago
5

Find the simple interest rate of a loan of $5,000 that is made for three years and requires $1,762.50 in interes

Mathematics
1 answer:
Charra [1.4K]3 years ago
7 0

Answer:

11.75%

Step-by-step explanation:

The formula for Simple Interest is given as:

I = PRT

Where in the question

I = Interest = $,1762.5

P = Principal = $5,000

T = Time= 3 years

R = Simple Interest rate ??

To solve for R, the formula is given as:

R = I/PT

R = $1,762.5/5,000 × 3

R = 0.1175

Converting to percentage

= 0.1175 × 100

= 11.75%

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<h3>How to calculate the BAC?</h3>

BAC is calculated using:

BAC = Alcohol consumed/(Body Weight * R)

The weight is given as:

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So, we have:

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BAC = Alcohol/34.925

BAC = 0.029Alcohol

The weight or volume of the alcohol consumed is given.

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We have:

BAC1 = 0.029w

Time (t) = 3 hours

The BAC after 3 hours is

BAC = BAC1 * (t - 0.015)

So, we have:

BAC = 0.029w * (3 - 0.015)

Evaluate the product

BAC = 0.087w

Hence, the BAC three hours after consuming the drinks is 0.087 w

Read more about BAC at:

brainly.com/question/1781657

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