Mandy borrows $10,000 for 3 years at a 6% interest. What is the cost of the loan, or total interest?
2 answers:
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Answer:
C
Step-by-step explanation:
The right triangle on the right side of the figure has a height of 6 (two same sides lengths) and a base of 3.
x is the hypotenuse (side opposite of 90 degree angle).
We can use the pythagorean theorem to find x. The pythagorean theorem tells us to square each leg (height and base) of the triangle and add it. It should be equal to the hypotenuse square.
For this triangle it means, we square 6 and 3 and add it. It should be equal to x squared. Then we can solve. Shown below:
<em>Now we can use property of radical to simplify:</em>
Correct answer is C