Using the simple interest formula, it is found that the APR for the loan is of 4.472%.
<h3>What is the simple interest formula and when it is used?</h3>
Simple interest is used when there is a single compounding per time period.
The amount of money after t years in is modeled by:

In which:
- A(0) is the initial amount.
- r is the interest rate, as a decimal.
The parameters for this problem are:
A(t) = 6 x 511.18 = 3067.08, A(0) = 3000, t = 0.5.
We solve the equation for r to find the APR.



1 + 0.5r = 1.02236
r = (1.02236 - 1)/0.5
r = 0.04472.
More can be learned about simple interest at brainly.com/question/25296782
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Answer: 22
Step-by-step explanation:
From the question the, we are informed that members of a lacrosse team raised $1352.50 to go to a tournament and that they rented a bus for $802.50 and budgeted $25 per player for meals.
The equation which can be used to determine p, the number of players the team can bring to the tournament would be calculated as:
802.50 + 25p = 1352.50
25p = 1352.50 - 802.50
25p = 550
p = 550/25
p = 22
They can bring 22 players to the tournament
Answer:
OOOPS-
Step-by-step explanation:
i feel kinda bad stealing your points l-mao
Always remember that unit labels cancel like number do and conversion problems will be simple....
64oz(lb/16oz)=4 lb
Answer: 15
Step-by-step explanation:
45$ = 3 Tickets
45 / 3 = 1 Ticket
1 Ticket = 15