The simple interest is calculated as :
S.I = P*T*R
where S.I is the simple interest to be calculated
P = Principal
T = Time period in years
R = Annual interest rate
The the above problem,
Amount borrowed which would be the principal (P) = $400
Time period = 6 months = 1/2 year
Annual interest rate = 6.8% = 6.8/100 = 0.068
Simple Interest = P*T*R
Simple Interest = 400*1/2*0.068 = 200 *0.068
Simple Interest = $13.6
The simple interest amount that Miguel must pay to Julio at the end of six months is $13.6
Equation: 2(.25) + p(.75) = 2.75
Answer: 3 pencils
Answer:
301.6 (I rounded)
Step-by-step explanation:
Please mark brainlest
Answer:
- <u>120 pens and 200 pencils.</u>
<u></u>
Explanation:
You can set a system of two equations.
<u>1. Variables</u>
<u />
- x: number of pens
- y: number of pencils
<u>2. Cost</u>
- <em>each pen costs</em> $1, then x pens costs: x
- <em>each pencil costs</em> $0.5, then y pencil costs: 0.5y
- Then, the total cost is: x + 0.5y
- The cost of the whole purchase was $ 220, then the first equation is:
x + 0.5y = 220 ↔ equation (1)
<u>3. </u><em><u>There were 80 more pencils than pens</u></em>
Then:
pencils = 80 + pens
↓ ↓
y = 80 + x ↔ equation (2)
<u>4. Solve the system</u>
i) Substitute the equation (2) into the equation (1):
ii) Solve
iii) Substitute x = 120 into the equation (2)
Solution: 120 pens and 200 pencils ← answer