Answer:
d) 87
Step-by-step explanation:
to solve this lets set up the equation
then we multiply 4 on both sides
253+x=340
and subtract 253 on both sides
x=87
to double check take the averages
(87+85+70+98)/4=85
Veronica has two offers for a $65,000 student loan. The first loan has a 6.3% interest rate for 15 years, and the second loan ha
1 answer:
You might be interested in
Answer:
The correct answer is v(t) = (principal × time × 0.02) if calculated simply and v(t) = Principal × where v(t) is the interest after t years .
Step-by-step explanation:
Principal amount invested by Shota is $2000.
Interest is earned at 2% per year.
Time for which the principal is invested is t years.
Therefore let the total interest be v(t) dollars in t years.
Case 1: Simple Interest.
v(t) = (principal × time × ) = (2000 × t × 0.02) = 40t
Case 2: Compound Interest.
v(t) = Principal × - Principal = 2000 ×
- 2000.