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ruslelena [56]
3 years ago
8

Adrian took out a simple interest loan for $2000. The rate on this loan is 7% and he will pay it back in 5 years. How much money

will Adrian owe at the end of 5 years including interest?
Mathematics
2 answers:
laila [671]3 years ago
8 0

Answer:

i think its 700

Step-by-step explanation:

7%of 2000 is 140 and 140 x 5 is 700

Lynna [10]3 years ago
5 0

Answer: $700 interest

Note that the formula for simple interest is I=Prt

1. Identify the Principal amount (P), rate (r), and time (t)

Principal amount=$2,000

Rate: 7% (0.07)

Time: 5 years

2. Plug the numbers into the formula; always make sure that the rate is in decimal form and the time is in years.

2,000*0.07*5=700

3. Final answer: $700

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6 0
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7 0
3 years ago
£70 is divided between Natasha, Richard & Stephen so that Natasha gets twice as much as Richard, and Richard gets three time
Korvikt [17]

The share of Natasha is £ 42

<em><u>Solution:</u></em>

£70 is divided between Natasha, Richard & Stephen

Total amount = 70

Let the share of natasha be "x"

Let the share of richard be "y"

Let the share of stephen be "z"

Natasha gets twice as much as Richard

x = 2y ------ eqn 1

Richard gets three times as much as Stephen

y = 3z

z = \frac{y}{3} ----- eqn 2

Total amount = 70

share of natasha + share of richard + share of stephen = 70

x + y + z = 70

Substitute eqn 1 and eqn 2

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Substitute y = 21 in eqn 1

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Trava [24]

Answer:

Step-by-step explanation:

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