Answer: 129
Step-by-step explanation:
It is 129 because y is less than 70 so the greatest possible value for that is 69 and z is less than or equal to 60 so 69 + 60 =129
Given:
Rate of simple interest = 5%
Time = 4 years
Total interest = $160
To find:
The amount borrowed by Austin from a credit union.
Solution:
The formula for simple interest is:
Where, P is principal, r is the rate of interest and t is the number of years.
Putting 
in the above formula, we get
Multiply both sides by 5.
Therefore, Austin borrowed $800 from a credit union for 4 years.
Answer:
2 + 2 = 4
Step-by-step explanation:
D. 20/3 I think it’s the answe
Answer:
$320
Step-by-step explanation:
From simple interest formular
A=P(1+int) where A is amount payable, P is principal amount borrowed and int is interest gained
int=Rt where R is rate of interest in decimal form, t is duration
The rate of 10% converted to decimal is 10/100=0.1
Substituting P for $3200, R for 0.1 and t for 1 year
A=$3200(1+(0.1*1))=$3200*(1+0.1)=3200*1.1=$3520
To find the interest, it's A-P hence $3520-$3200=$320
Therefore, interest owed is $320
