Answer: the interest on the loan is $39.38
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the loan.
P represents the principal or amount taken as loan
R represents interest rate
T represents the duration of the loan in years.
From the information given,
P = $350
R = 4.5%
There are 12 months in a year. Converting 30 months into years, it becomes
30/12 = 2.5. so
T = 2.5 years
Therefore
I = (350 × 4.5 × 2.5)/100
I = $39.38
<span>if you're finding the x intercept, y is ALWAYS 0, so in this, you can just get rid of the -4y because you know that it's 0, so you're left with 2x=12 divide by 2 on both sides so you find x intercept is (6,0) on the graph
the y works the same way, if you're looking for the y, you know that the x is zero, so you're left with -4y=12, divide by -4y on both sides and you end up with the y intercept being (0,-3)
x int.= (6,0)
y int.= (0,-3)
by the way, when it's written like that, it's called standard form, so to find the intercepts on 2x=12+4y, you'd have to convert it into standard form (Ax=By=C) so you subtract 4y on both sides to make it 2x-4y=12, and then once you have it like that you can do the math to find the y and x intercepts.
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