It takes 4 years for a principal of $25,000 at a simple interest rate of 5% to become 30,000
<em><u>Solution:</u></em>
Given that:
principal = $ 25000
rate of interest = 5 %
Total amount = $ 30000
Number of years = ?
Formula used:
Total amount = principal + Simple interest
30000 = 25000 + Simple interest
Simple interest = 30000 - 25000
Simple Interest = $ 5000
<em><u>The simple interest is given as:</u></em>

Where, "p" is the principal
"n" is the number of years
"r" is the rate of interest
Substituting the values in formula, we get

Thus it takes 4 years for a principal of $25,000 at a simple interest rate of 5% to become 30,000
Answer:
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Step-by-step explanation:
Answer:
<h3>n = -8</h3>
Step-by-step explanation:
For two lines to be parallel, they must have the same slope
Get the slope of each line
For L1;
m1 = -2-4/1-n
m1 = -6/1-n
For L2;
m2 = 5-3/1-4
m2 = 2/-3
m2 = -2/3
Since they have the same slope, m1 = m2
-6/1-n = -2/3
6/1-n = 2/3
Cross multiply
2(1-n) = 6(3)
2-2n = 18
-2n = 18 - 2
-2n = 16
n = -16/2
n = -8
Hence the value of n is -8
This is a model of 63÷6. :)
Answer:
I believe it’s C
Step-by-step explanation:
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