The original annual simple interest rate, rounded to two decimal places, is 3.79%
What is the formula for simple interest?
The simple interest on a loan or deposit is determined as the principal multiplied by the simple interest rate and time
I=PRT
The first loan:
P=12 850.00
R=r(assume it is r)
T=4 years
I=12 850.00*r*4
I=51400r
The second loan was taken after 14 quarters the first was taken out, which is the same as after 3.5 years, hence, the interest on the second loan is only for a half a year
P=3 273.00
R=0.5r( half of the interest on the first loan)
T=0.5 years
I=3 273.00*0.5r*0.5
I= 818.25r
Total interest=51400r+818.25r
Total interest=52218.25r
total interest paid=1 980.00
1 980.00=52218.25r
r=1 980.00/52218.25
r=3.79%
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Answer:
2t blocks
Step-by-step explanation:
We measure these distances from Jim's house.
The school is t blocks from Jim's house. Twice that is 2t blocks. Thus, the library is 2t blocks from Jim's house.
Answer:
The correct answer will be "-1.66".
Step-by-step explanation:
Let z₀ be,
⇒ 
Now,
⇒ 
Thus the above is the right answer.
Answer:
Step-by-step explanation:
Let's call x the length of each piece in yards
If the ribbon is cut into 8 equal pieces then the sum of the pieces is:
Then:
Now we solve the equation for x
Divide both sides of equality by 8
So the length of each piece is 
of a yard.
This is: 1.125 yards
Assuming "i" is an imaginary unit:
