Answer:
<em>Avram will have to pay $7,047 simple interest</em>
Step-by-step explanation:
<u>Simple Interest</u>
Definition: Interest calculated on the original principal only of a loan or on the balance of an account.
Unlike compound interest where the interest earned in the compounding periods is added to the new principal, simple interest only considers the principal to calculate the interest.
The interest earned is calculated as follows:
I=A.r.t
Where:
I = Interest
P = initial principal balance
r = interest rate
t = time
Avram has a principal of P=$14,500 at a simple rate of r=5.4%=0.054 for t=9 years, thus:
I=14,500*0.054*9=7,047
I=$7,047
Avram will have to pay $7,047 simple interest
Answer:
9 hours
Step-by-step explanation:
"At the same rate" means time and wages are proportional.
time/wages = t/$108 = (13 h)/$156
t = 108(13 h)/156 . . . . . . . . . . . . . . . units of dollars cancel
t = 9 h
Chang would have to work 9 hours to make $108.
Answer:
Roy
Step-by-step explanation:
If Roy finished first the first time then he is faster at planting the seeds.
I don't know if this is correct but I think it is.
