Given:
Rate of simple interest = 5%
Time = 4 years
Total interest = $160
To find:
The amount borrowed by Austin from a credit union.
Solution:
The formula for simple interest is:
Where, P is principal, r is the rate of interest and t is the number of years.
Putting in the above formula, we get
Multiply both sides by 5.
Therefore, Austin borrowed $800 from a credit union for 4 years.
Answer: or
Step-by-step explanation:
For this exercise you can convert the mixed number to an improper fraction:
1. Multiply the whole number part by the denominator of the fraction.
2. Add the product obtained and the numerator of the fraction (This will be the new numerator).
3. The denominator does not change.
Then:
You know that he had 30 minutes in time-out, he counted spots on the ceiling for minutes and the rest of the time he made faces at his stuffed tiger.
Then, in order to calculate the time Calvin spent making faces at his stuffed tiger, you need to subract 30 minutes and minutes:
or