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NARA [144]
3 years ago
5

How much was your loan

Mathematics
1 answer:
leonid [27]3 years ago
8 0

Answer:

Your loan was for $16,000.  

Step-by-step explanation:

The formula for simple interest is i = prt, where p is the principal, r is the interest rate as a decimal fraction, and t is the time in years.

If i = prt, then p = i / (rt)

Here, p = ($1200) / 0.075 = $16,000

Your loan was for $16,000.  

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The fare of $(20 - 2.5) = $17.5 will maximize the total fare.

<h3>What is Differentiation?</h3>

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Here, The operator for a round-trip fare of $20, carries an average of 500 people per day.

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Learn more about Differentiation from:

brainly.com/question/24062595

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