Answer: $10000
Step-by-step explanation:
From the question,
Principal = $43000
Time = 5 years
Rate = Unknown
Simple Interest = $51,600 - $43000 = $8600
We need to calculate the rate of interest which will be:
Interest = PRT/100
8600 = (43000 × 5 × Rate) / 100
Cross multiply
8600 × 100 = 215000 × Rate
Rate = 860000 / 215000
Rate = 4%
Assuming Justine borrowed $50,000 instead, the yearly Interest will be:
= (50000 × 5 × 4%)
= 50000 × 5 × 0.04
= $10000
It means 2 is an element of set V
Answer:
x1 = 3
Step-by-step explanation:
first set up the proportion (write as fractions):
(y1/x1) = (y2/x2)
then fill in the variables:
4/x1 = 8/6
now cross multiply:
8 • x1 = 6 • 4
simple algebra:
8 • x1 = 24
x1 = 24/8
x1 = 3
Answer:
6
Step-by-step explanation: