simple interest i = prt 10. alice has a loan ...
simple interest i = prt 10. alice has a loan of $24,820 from the bank. the loan has a simple interest rate of 3.5% per year. how much interest will she have paid at the end of one year? (remember it is money) ans. 11. what is the area of the shape? number only ans.
Answer
# Explanation:
## Step1: Identify values for formula
$P = 24820$, $R=0.035$, $T = 1$
## Step2: Substitute into simple - interest formula
$I=PRT=24820\times0.035\times1$
## Step3: Calculate the interest
$I = 868.7$
# Answer:
$868.7$
# Explanation:
## Step1: Divide the shape into rectangles
Divide into two rectangles. One with dimensions $12\times5$ and another with dimensions $(10 - 5)\times(5 + 3)$
## Step2: Calculate area of first rectangle
$A_1=12\times5 = 60$
## Step3: Calculate area of second rectangle
$A_2=(10 - 5)\times(5 + 3)=5\times8 = 40$
## Step4: Calculate total area
$A=A_1+A_2=60 + 40=100$
# Answer:
$100$