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Fofino [41]
3 years ago
12

Thang decided to borrow ​$ from his local bank to help pay for a car. His loan was for 3 years at a simple interest rate of ​%.

How much interest will Thang​ pay? Thang will pay ​$ nothing interest.
Mathematics
1 answer:
Allisa [31]3 years ago
4 0

Answer: $1080

Step-by-step explanation:

Here is the complete question:

Thang decided to borrow ​$6000 from his local bank to pay for a car. His loan was for 3 years at a simple interest rate of 6​%. How much will he pay.

The formula to calculate simple interest is: (P × R × T)/100

where,

P = Principal = $6000

R = rate = 6%

T = time = 3 years

Simple interest = (P × R × T)/100

= (6000 × 6 × 3)/100

= 108000/100

= $1080

The simple interest is $1080

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Answer:

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Step-by-step explanation:

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A business owner opens one store in town A. The equation p(x) = 10,000(1.075) represents the anticipated profit after t years. T
alexgriva [62]
The rigth equation to anticipate the profit after t years is p(t) = 10,000 (1.075)^t

So, given that both store A and store B follow the same equations but t is different for them, you can right:

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Store B: pB(t'): 10,000 (1.075)^t'

=> pA(t) / pB(t') = 1.075^t / 1.075^t'

=> pA(t) / pB(t') = 1.075 ^ (t - t')

And t - t' = 0.5 years

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Which means that the profit of the store B is about 96% the profit of store A at any time after both stores have opened.


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3 years ago
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Answer:

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