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Elanso [62]
3 years ago
15

You pay 3.5% annual simple interest for 12 years on a loan, and you pay $1,512 in interest. How much is the principal?

Mathematics
1 answer:
Anika [276]3 years ago
4 0
A = Pe^rt
Amount of interest paid = Principal*e^ (rate*time)
(The rate must be in decimal form)
3.15% / 100 = .0315

1,512 = P[e^(.0315*12)]
1,512 / e^(.0315*12) = P
1036.06 = P
$1036.06 was the Principal
** I left that value unrounded to the hundreds place because one doesn’t round with money. :)

Good luck!
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Hey there! :)

Answer:

29/28.

Step-by-step explanation:

Starting with:

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\frac{7}{28} + \frac{8}{28} + \frac{14}{28} =

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\frac{7}{28} + \frac{8}{28} + \frac{14}{28} = \frac{29}{28}

Therefore, the fractions sum up to 29/28.

3 0
3 years ago
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A falling object travels a distance given by the formula d=3t+5t2, where d is measured in feet and t is measured in seconds. How
Romashka-Z-Leto [24]

Answer:

<em>4.52secs</em>

Step-by-step explanation:

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8 0
2 years ago
Which is the correct word form of 8.16
Aleksandr-060686 [28]

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Learn more about decimals here:

brainly.com/question/8829988

7 0
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