Answer:
Step-by-step explanation:
The formula for simple interest is expressed as
I = PRT/100
Where
P represents the principal
R represents interest rate
T represents time in years
I = interest after t years
From the information given
T = 8 months = 8/12 = 2/3 years
P = $3000
R = 9.3%
Therefore
I = (3000 × 9.3 × 2/3)/100
I = 18600/100
I = $186
The maturity value (in dollars) of this loan would be
3000 + 186 = $3186
Answer:
26/20
Step-by-step explanation:
y2-y1 divided by x2-x1
4-24= -20
3-29= -26
-20/-26= m
perpendicular means to switch the numbers and change the sign
a perpendicular slope to -20/-26 is 26/20.
19,000
Step-by-step explanation:
round down if the hundred is above 5 than round up one number
Answer:
7.6-5.2n
Step-by-step explanation:
combine like terms so -3.2n-2n = -5.2n
2.6+5=7.6
7.6-5.2n