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DaniilM [7]
2 years ago
7

How to calculate intrest

Mathematics
2 answers:
Goryan [66]2 years ago
8 0

Answer:

You can calculate Interest on your loans and investments by using the following formula for calculating simple interest: Simple Interest= P x R x T ÷ 100, where P = Principal, R = Rate of Interest and T = Time Period of the Loan/Deposit in years.

Formula: Simple Interest=P×r×t where: P=Principal amount; r=Annual interest rate; t=...

Principal Amount: Principal Amount remains constant on Simple Interest

Meaning: Simple Interest is calculated on the Principal Amount for the entire tenure

Calculation: It is easy to calculate Simple Interest

svetoff [14.1K]2 years ago
5 0

Answer:

To calculate simple interest, you can use a specific formula:

I (interest) = p (principal) x r (rate) x t (time)

Important: Rate is always a decimal, and time must be a compatible unit that matches with the rate (months, years, etc.).

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Using a linear function, we have that:

  • The rule is P(x) = 0.5x - 75.
  • The total profit after selling 0 ribbons is of -$0.75.

<h3>What is a linear function?</h3>

A linear function is modeled by:

y = mx + b

In which:

  • m is the slope, which is the rate of change, that is, by how much y changes when x changes by 1.
  • b is the y-intercept, which is the value of y when x = 0, and can also be interpreted as the initial value of the function.

For this problem, when x increases by 10, the profit increases by 5, hence the slope is:

m = 5/10 = 0.5.

Then:

P(x) = 0.5x + b.

When x = 10, P(x) = -70, hence:

-70 = 0.5(10) + b

b = -75.

Hence:

  • The rule is P(x) = 0.5x - 75.
  • The total profit after selling 0 ribbons is of -$0.75.

More can be learned about linear functions at brainly.com/question/24808124

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