Answer:
$8.40
Step-by-step explanation:
The formula for calculating simple interest is
principal * interest rate * time .
Plugging 140 into the principal, or starting value, 3% as the interest rate, and 2 (years) for the time, we get 140*0.03*2 = 8.4, or $8.40 as our answer. Note that 3% turned into 0.03 as turning a percentage into a decimal requires us to divide the decimal by 100
Answer:
She paid back $192 in interest
Step-by-step explanation:
A = P(1+r)^n
P = $1,200
r = 10.5% = 0.105
n = 18 months = 18/12 = 1.5 years
A = 1,200(1+0.105)^1.5 = 1,200(1.105)^1.5 = 1,200×1.16 = 1,392
Amount = $1,392
Principal = $1,200
Interest = amount - principal = $1,392 - $1,200 = $192
Answer:
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Answer: No solution
Step-by-step explanation:
Let one number be x
Other no. will be 2x
x - 1/2(2x) = 20
x - x = 20
No solution
