Answer:
(ii) is correct, please proceed.
Step-by-step explanation:
They would have to pay $157.50 due to interest in addition to the $1,400.
Explanation:
The initial borrowed amount was $1,400. This bank has an interest rate of 7.5% every year. This means that for every year that money is kept in this account, they must pay the bank 7.5%. To do this we must calculate how much 7.5% of $1,400 is.
7.5% of $1,400 is 0.075 * $1,400 =$105
So for every year, the interest of $105 must be paid to the bank. To calculate total interest we multiply this interest amount and the number of years.
So after 18 months (1.5 years)= $105 * 1.5 years = $157.5.
So interest gained in 18 months is $157.5 but this is only the interest amount. We must add the initial amount with this to find the total amount to be paid to the bank.
Total amount to be paid= Inital amount + Amount due to interest= $1,400 + $157.5= $1,557.50.
<u>Answer:</u>
$100
<u>Step-by-step explanation:</u>
We want to calculate the interest on $2000 at 5% interest rate which Janet will pay each year.
The formula we will use the following simple interest formula for this:
where is the principal amount, is the interest rate and is the time in years.
Interest = = $100
Therefore, Janet needs to pay an interest of $100 each year for 3 years.
Part A
Yes, triangle ABC and triangle APQ are similar because of Angle-Angle similarity.
Angle BAC is congruent to Angle PAQ because of reflexive property (they share the same angle).
It is given that Segment BC is parallel to Segment PQ, so Angle ABC is congruent to Angle APQ because the corresponding angles postulate.
Part B
Segment PQ corresponds to Segment BC because they are parallel to each other.
Part C
Angle APQ corresponds to Angle B because of the corresponding angles postulate.