Answer:
B
Step-by-step explanation:
Answer:
P(A/B)=1.3
Step-by-step explanation:
P(0.40/0.30)=1.3
Answer:
(A) $157.25
(B) $3,857.25
Step-by-step explanation:
The given values are:
Principle (P)
= $3700
Time (T)
= 6 months i.e., 1/2 years
Rate (R)
= 8.5%
(A)
As we know,
Simple Interest,
⇒ 
On putting the values, we get
⇒ 
⇒ 
⇒
($) (he paid for the use of money)
(B)
Amount he paid to the bank will be:
⇒ 
⇒ 
⇒
($)