Answer:
$2,631.20
Step-by-step explanation:
We are told that the loan has a simple interest rate of 8% per year. This means that every year that goes on without Kyle paying back the money, he will have to pay an extra 8% of $32,890 as interest.
After one year, he only has to pay back one lot of interest, just 8% of $32,890.
To find that number we can change 8% into a decimal: 8%/100% = 0.08
And then multiply this by the amount of loan money:
0.08 x 32,890 = 2,631.20
Kyle has to pay $2,631.20 of interest at the end of one year.
Hope this helped!
Multiply 75*4(300), 15*4(60), and 30*4(120) then add all the answers up (480)
I am going to assume this is for calculus. You would need to find the derivative of each because derivative represents rate of change.
The derivates are:
y'=1
y'=3
y'=4
y'=2
Therefore the answer it the third choice because it has the largest derivative<span />
300 / 0.06 = 5000
answer <span>Three hundred is 6 percent of 5,000
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