The additional interest Benson pay each month is $750 if he invested at the rate of 2% for one year, option (b) is correct.
<h3>What is simple interest?</h3>
It is defined as the interest on the based on the principal amount, it does not include the compounded amount. The interest calculate on the initial amount or borrowed amount.
We know the formula for the simple interest is given by:
I = PRT
Where I is the simple interest.
P is the principal amount
R is the rate of interest
We have in the question:
I = $180
R = 2% = 0.02
T = 1 year
Put the above values in the formula, we get:
180 = P(0.02)(1)
P = $9000
The additional interest Benson pay each month is:
= 9000/12
= $750
Thus, the additional interest Benson pay each month is $750 if he invested at the rate of 2% for one year option (b) is correct.
Learn more about the simple interest here:
brainly.com/question/22621039
Answer:
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Answer:
x + 18 ≥ 26
Step-by-step explanation:
"greater than or equals": ≥
x + 18 ≥ 26 is your answer.
If you are trying to solve it so you isolate x, subtract 18 from both sides:
x + 18 (-18) ≥ 26 (-18)
x ≥ 26 - 18
x ≥ 8
x ≥ 8 is your answer.
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Answer:
if it is an a or b B is the best answer but if it a true of false. the answer is true
Step-by-step explanation:
Answer:
9/4
Step-by-step explanation:
The divide symbol is also the line that separates the numerator and the denominator, so 45÷20 can also be written as 45/20.
We can see that both 45 and 20 are divisible by 5, so we can simplify the fraction down to 9x5/4x5, and then we cancel out the 5s and are left with 9/4
