Answer:
The loan was for 9 months only
Step-by-step explanation:
In this question, we are concerned with calculating the time taken for a loan om an interest to be paid back
To calculate this, we use the simple interest formula
Mathematically;
I = PRT/100
where P is the principal which is the amount borrowed and that is $500 according to the question
R is the rate which is 8% according to the question
Interest can be calculated by subtracting the principal from the amount paid back = 530-500 = 30$
We now plug these values into the equation
30 = (500 × 8× T)/100
100 × 30 = 4000T
T = 3000/4000
T = 0.75 (same as 0.75 × 12 months = 9 months)
Answer:
The result for this equation is 
.
Step-by-step explanation:
-Solve:
-Multiply 
and 
by 
:
-Reduce 
to the lowest term by extracting and canceling out 3:
-So, the result is .
Answer:
Approximately 54.54% of race happened in the first week.
Step-by-step explanation:
We are given the following in the question:
Length of bike race in three weeks = 2,200 miles
Race covered in first week = 1,200 miles
Percentage of race covered in first week =
Thus, approximately 54.54% of race happened in the first week.
