Sophie borrowed $2000 and took 3 years to repay the loan and $900 interest.
1 answer:
I = p * r * n
i is the interest
p is the principal
r is the interest rate per time period
n is the number of time periods.
in your problem:
i = 900
p = 2000
r = what you want to find
n = 3 years
formula becomes 900 = 2000 * r * 3
solve for r to get r = 900 / 2000 / 3 = .15
that's .15 interest rate per year = 15% per year.
at a nominal interest rate of .15 per year, the interest rate per month would be .15/12 = .0125 per month.
the remaining balance at the end of 6 month is equal to 1907.140183
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Hope this helped! ;P
The value of 8 is Hundred Thousand
So you basically have to divide 1.4 on both sides so you can get y by its self. Once you divide 60 by 1.4 you’ll get 50.
y=50
The answer is 705.6 cm^3.
Remember that volume of a box, rectangular prism, is: V = LWH.
So, V = 7(9)(11.2) = 705.6 cm^3
Answer:
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Step-by-step explanation: