Answer:
Step-by-step explanation:
Surface area = 2(12 × 8) + 2(12 × 3) + 2(3 × 8) = 312 in²
-3/6 = -1/2 is the slope of the line.
New balance=previous balance+finance charge+New transaction
First we need to calculate the finance charge in order to find the new balance
Finance charge=2,103.24×(0.144÷12 months)
=25.24
New balance
2,103.24+25.24+280
=2,408.48
Hope it helps!
Answer:
The loan was for 9 months only
Step-by-step explanation:
In this question, we are concerned with calculating the time taken for a loan om an interest to be paid back
To calculate this, we use the simple interest formula
Mathematically;
I = PRT/100
where P is the principal which is the amount borrowed and that is $500 according to the question
R is the rate which is 8% according to the question
Interest can be calculated by subtracting the principal from the amount paid back = 530-500 = 30$
We now plug these values into the equation
30 = (500 × 8× T)/100
100 × 30 = 4000T
T = 3000/4000
T = 0.75 (same as 0.75 × 12 months = 9 months)
The answer is <span>4.84166667</span>
