Answer: B) $4,000
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.
Considering Cathy's loan,
P = $20,000
R = 5.2%
T = 10 years
I = (20000 × 5.2 × 10)/100
I = $10400
Considering Steven's loan,
P = $20,000
R = 4.8%
T = 15 years
I = (20000 × 4.8 × 15)/100
I = $14400
The difference between the amounts of interest Cathy and Steven paid for their loans is
14400 - 10400 = $4000
Answer:
Answer choice C
Step-by-step explanation:
is approximately 4.58
is approximately 3.14
is 3
And 2.15 is 2.15 :)
Ordering these from least to greatest is ordered correctly in answer choice C.
Answer:
x = 10
Step-by-step explanation:
RO and OQ are congruent
Since RO = 50, and RQ = 12x - 20,
OQ = 12x - 20 - 50 = RO
50 = 12x - 70
120 = 12x
x = 10
-Chetan K
