The formula for simple interest is <em>I</em> = <em>prt</em>, where <em>I</em> is the amount of interest, <em>p</em> is the principal borrowed, <em>r</em> is the interest rate written as a decimal number, and <em>t</em> is the amount of time in years. First we find the amount of interest. He borrowed $35000 but paid back $46375. That means he paid 46375-35000 = $11375 in interest. We can now substitute our information into our interest formula:
11375=35000(<em>r</em>)(5)
11375=35000(5)(<em>r</em>) ----- remember that multiplication is commutative
11375=175000<em>r</em>
Divide both sides by 175000 to cancel it:
11375/175000 = 175000<em>r</em>/175000
0.065 = <em>r</em>
To convert this to a percentage, we multiply by 100:
0.065(100) = 6.5%
You subtract the % that the sale is and take it away from 100%. You get 75% then take the original price and divide it by .75
Step-by-step explanation:
1.Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts.
No, both of the numbers are less than one whole and when you multiply them (I got 4/5) 4/5 is less than both of the factors.
Answer:m = (3,1)
b = (0,-1)
Equation:2x + 3
Step-by-step explanation:hope this helps :)
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