Answer
Y=5x+2
I’m not sure but I think that’s the answer
Simple interest is a method of calculating interest on an amount for n period of time with a rate of interest of r. The principal at the end of 3 years is $248.
<h3>What is simple interest?</h3>
Simple interest is a method of calculating interest on an amount for n period of time with a rate of interest of r. It is calculated with the help of the formula,
SI = (P × R × T)/100
where SI is the simple interest, P is the principal amount, R is the rate of interest, and T is the time period.
The principal at the end of 3 years is,
Principal after 3 years = P + (P × R × T)
= $200 + ($200 × 0.08 × 3)
= $200 + $48
= $248
Hence, the principal at the end of 3 years is $248.
Learn more about Simple Interest:
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Answer:
The Current Insurance cost = $685.43
Step-by-step explanation:
Given that Dan pays £714.73 a year on his car insurance.
Reduced Percentage = 4.1%
so
Reduced Amount = 4.1% × 714.73
= [4.1 / 100] × [714.73]
= 0.041 × 714.73
= $29.30
The current cost can be calculated by subtracting the reduced amount of 29.30 from 714.73.
so
Current Insurance cost = 714.73 - 29.30
= $685.43
Therefore, the Current Insurance cost = $685.43
