Answer:
is the 5.2% per hour or for the whole 25 hours?
Need to know in order to solve the question
Step-by-step explanation:
The formula for simple interest is <em>I</em> = <em>prt</em>, where <em>I</em> is the amount of interest, <em>p</em> is the principal borrowed, <em>r</em> is the interest rate written as a decimal number, and <em>t</em> is the amount of time in years. First we find the amount of interest. He borrowed $35000 but paid back $46375. That means he paid 46375-35000 = $11375 in interest. We can now substitute our information into our interest formula:
11375=35000(<em>r</em>)(5)
11375=35000(5)(<em>r</em>) ----- remember that multiplication is commutative
11375=175000<em>r</em>
Divide both sides by 175000 to cancel it:
11375/175000 = 175000<em>r</em>/175000
0.065 = <em>r</em>
To convert this to a percentage, we multiply by 100:
0.065(100) = 6.5%
Answer:
LIMIT
The policy will pay for up to
$100,000 of damage to
another person's property.
The policy will pay only
$100 per incident for a
tow truck
DEDUCTIBLE
The policyholder must pay
the first $1,000 of repair
expenses before insurance
will pay for anything,
PREMIUM
The policy offers coverage
for a cost of $178 per month
The policyholder must
pay $500 semiannually
to the insurance provider
Step-by-step explanation:
LIMIT is the maximum amount an insurer will pay toward a covered claim
DEDUCTIBLE is the amount paid out of pocket toward a covered claim
PREMIUM is the amount paid regularly to keep the policy in force.
True, you can even test it out yourself. If the domain (x) is the same then it will be a vertical line. Like if you graphed (1,2) (1,4), (1,6) it will be a vertical line on your graph. I hope this helps!
