She paid a simple interest of $3,125.00 on the borrowing of $25,000
What is simple interest?
The simple interest on a loan or an investment can be determined as the principal multiplied by interest multiplied by the number of periods.
This is quite different from compound interest where the interest earned previously would earn interest in the future alongside the principal
I=PRT
I=interest on loan=unknown
P=amount borrowed=$25,000
R=interest rate=1% per month
T=12.5 months( from December 2 2011 to December 1 2012 makes one year and from December 1-16 gives 15 days, which is 0.5 of one month)
I=$25,000*1%*12.5
I=$3,125.00
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Answer:
Since Jean makes a higher flat rate than Tyshawna, they won't make the same amount in a day. Jean makes a flat rate of 75 dollars a day, while Tyshawna makes a flat rate of 65 dollars a day. Tyshawna is only a few flat rates behind. Although it would seem like they could make the same amount, they wouldn't be able to. If they both had the same flat rate, they would be making the same amount almost everyday.
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Answer:
c
Step-by-step explanation:
Given the 2 equations
x + y = 3 → (1)
3x - y = 1 → (2)
Adding the 2 equations term by term will eliminate the term in y
4x = 4 ( divide both sides by 4)
x = 1
Substitute x = 1 into either of the 2 equations and evaluate for y
Substituting into (1)
1 + y = 3 ( subtract 1 from both sides )
y = 2
Solution is (1, 2 ) → c