Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
solve for t
they are 80 feet apart.
see picture for solution
Answer:
The correct option is d.
Step-by-step explanation:
It is given that Zack borrowed $1,087 for 12 months at 11% interest. It means he must pay 11.00 per $100.
Formula of simple interest:
Where P is principal amount, r is rate of interest in percentage and t is time in years.
The interest paid by Zack is $1,087.
The total amount of money he will repay is
Therefore option d is correct.