Answer:
8
Step-by-step explanation:
Answer: 6
Step-by-step explanation: DE is 4+2 so EF would be the same if it is equal.
Answer: $26,000
Explanation:
i = simple interest
P = 25,000 = amount loaned
r = interest rate in decimal form = 0.04
t = number of years = 1
So,
i = P*r*t
i = 25000*0.04*1
i = 1000
Howie needs to pay $1,000 in interest on top of the $25,000 loaned to him. In total, he needs to pay back 1,000+25,000 = 26,000 dollars.
It needs to be multiplied by 20%, aka 0.2 in decimal form