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The loan's future value A, or the total amount due at time t is $1105.
Given, P = $1000, r = 3.5%, t = 3 months.
We need to find the loan's future value A.
<h3>What is Simple interest?</h3>Simple interest is computed on the principal amount of a loan or the first deposit in a savings account. Simple interest does not compound, therefore an account holder will only get interest on the principal, and a borrower will never have to pay interest on previously collected interest.
We know that,
Now,
As we know,
Hence, the loan's future value A, or the total amount due at time t is $1105.
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Answer:
Perimeter = 28 yards
Area = 49 square yards.
Step-by-step explanation:
Distance formula:
Let as consider the vertices of the floor are A(-2,-3), B(-2,4), C(5,4) and D(5,-3).
Using distance formula, we get
Similarly,
It is conclude that, .
From the given points it is clear that all sides lie on either vertical or horizontal lines.
Since all sides are equal, and adjacent sides are perpendicular, therefore, the base is a square with edge 7 yards.
Perimeter of square floor is
Area of square floor is
Therefore, the perimeter is 28 yards and the area is 49 square yards.