In the given problem there are several information's worth taking note of. Based on these information's the rate on the loan can be calculated.It is already given that the Principal amount is $112000. Time is given as 30 years and the final amount as $176400.
Now we have to find the amount of interest first
Interest amount = (176400 - 112000) dollars
= 64400 dollars
As per the formula of simple interest we know that
Interest = Principal * Rate of interest * Time
Rate of Interest = (Principal * Time)/Interest amount
= (112000 * 30)/64400
= 3360000/64400
= 52.17
So the rate of interest on the loan for the period of 30 years was 52.17%
Answer:
C or D
Step-by-step explanation:
The average story is 10 feet and the car is below ground so it would be negative. i assume the answer would be -20 feet
You have to isolate the variable in order to solve this inequality, and whatever we do to one side has to be done to the other.
Since the 1 on the left side is negative, you have to add 1 to both sides to get rid of it
-1 + 1 = 0
4 + 1 = 5
The final answer would be r>5