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Elodia [21]
2 years ago
6

Find the total amount due on a loan of $5000 for eight years and 10% simple interest

Mathematics
1 answer:
topjm [15]2 years ago
4 0

Answer:

170years

Step-by-step explanation:

R/100=2.5%

time= 100=0.025 per year (1/0.025) (5200\1000)-1=168

time=168 years

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polet [3.4K]

Answer:

x = infinite amount of solutions

General Formulas and Concepts:

<u>Pre-Algebra</u>

Order of Operations: BPEMDAS

  1. Brackets
  2. Parenthesis
  3. Exponents
  4. Multiplication
  5. Division
  6. Addition
  7. Subtraction
  • Left to Right

Equality Properties

Step-by-step explanation:

<u>Step 1: Define Equation</u>

8(2x + 5) = 16x + 40

<u>Step 2: Solve for </u><em><u>x</u></em>

  1. Distribute 8:                                  16x + 40 = 16x + 40
  2. Subtract 40 on both sides:          16x = 16x
  3. Divide 16 on both sides:               x = x

Here we see that <em>x</em> does indeed equal <em>x</em>.

∴ <em>x</em> has an infinite amount of solutions.

3 0
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