Answer:
$300
Step-by-step explanation:
We are told that you have two loans, for 2 years each. The total interest for the two loans is $138. On the first loan, you pay 7.5% simple interest on a principal of $800.
Let us find the amount of interest for 1st loan.
, where,
I = Amount of interest,
P = Principal amount,
r = Interest rate in decimal form,
t = Time
Let us convert our given rate for 1st loan in decimal form
Now let us find the amount interest for 2nd loan.
Let us convert our given rate for 2nd loan in decimal form
Upon substituting our given values for 2nd loan in interest formula we will get,
Therefore, the principal amount for the 2nd loan is $300.
Answer:
D, 1500
Step-by-step explanation:
You plug it in by doing equation I= PRT
This means I=5000(5)(0.06)
I=25000(0.06)
I=1500
Answer:
its B
Step-by-step explanation:
okay so first we need to multiply 160 on both sides
{18/32(160)=n/160*160 (160 cancels out)}
so once we finish our calculations on the left side we get n equals 90
{n=90}