danielcano12281621
24.03.2020 •
Mathematics
Stephanie is taking out a loan in the amount of $15,000. Her choices for the loan are a 4-year loan at 3% simple interest and a 5-year loan at 5% simple interest. What is the difference in the amount of interest Stephanie would have to pay for each of these two loans? Question 5 options: $3,750 $4,550 $1,800 $1,950
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Ответ:
The difference in the amount of interests is $1950.
Step-by-step explanation:
The loan amount is $15,000.
There are two options fro Stephanie to take her loan of $15,000.
The first option is 3% simple interest for 4 years.The second option is 5% simple interest for 5 years.To find the amount of interest, the formula used is :
Interest =
where,
P is the principal amount.r is the rate of interest per year.n is the number of years.In the first case, P= 15,000 and r= 3 and n=4.
Interest =
⇒
⇒ 1800
The interest amount is $1800.
In the second case, P= 15,000 and r= 5 and n=5.
Interest =
⇒
⇒ 3750
The interest amount is $3750.
The difference in the amount of interest Stephanie would have to pay for each of these two loans = amount of interest from 2nd option - amount of interest from 1st option.
⇒ 3750 - 1800
⇒ 1950
The difference in the amount of interests is $1950.
Ответ:
372 in ^2
Step-by-step explanation:
Wrapping a present is surface area
SA = 2( lw+wh+hl)
= 2 ( 12*3 + 12*10 + 3*10)
= 2 ( 36+120+30)
= 2 (186)
= 372 in ^2