Answer:
False
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Answer:
i dont know
Step-by-step explanation:
Answer: half year
Step-by-step explanation:
The formula to find the simple interest is given by :-
, , where P is the principal amount , r is the rate of interest and t is the time in year.
Given : I=420 ; r=14%=0.14 and P =$6000
Then, we have the following equation :-

It means the duration of the loan is half year .
Answer:
10% of 500, 000 = 50, 000
Answer: $1100 will represent the amount after 2 years at the rate of 5%.
Step-by-step explanation:
Since we have given that
Principal amount = $1000
Rate of interest = 5%
Time period = 2 years
As we know the formula for "Simple Interest ":

And we know that

So, $1100 will represent the amount after 2 years at the rate of 5%.