Answer:
The loan was for 9 months only
Step-by-step explanation:
In this question, we are concerned with calculating the time taken for a loan om an interest to be paid back
To calculate this, we use the simple interest formula
Mathematically;
I = PRT/100
where P is the principal which is the amount borrowed and that is $500 according to the question
R is the rate which is 8% according to the question
Interest can be calculated by subtracting the principal from the amount paid back = 530-500 = 30$
We now plug these values into the equation
30 = (500 × 8× T)/100
100 × 30 = 4000T
T = 3000/4000
T = 0.75 (same as 0.75 × 12 months = 9 months)
Answer:
3x2-3x+9
Step-by-step explanation:
(h-k)(3)
(X2+1-(x-2))(3)
(x2+1-x+2)(3)
3x2+3-3x+6
3x2-3x+9
Answer:
0.83
Step-by-step explanation:
The $500 price increase over this 12 year span results in the inflation rate:
$500
---------- = 0.83..., or 0.83 to the nearest hundredth (equivalent to 83%)
$600
