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All you need is in the photo please do A and Bplease answer fast

All you need is in the photo please do A and Bplease answer fast-example-1
User YeahStu
by
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1 Answer

3 votes

The principal amount is


P=3000

The time for which money is borrowed is,


t=9\text{ months}

The interest rate is,


r=3(1)/(2)

Determine the time in terms of year by divison of time by 12.


\begin{gathered} t=(9)/(12)\text{ years} \\ =(3)/(4)\text{ years.} \end{gathered}

The formula for the intrest is,


I=(P\cdot r\cdot t)/(100)

Substitute the known calues in the formula to obtain the value of interest.


\begin{gathered} I=(3000\cdot(3)/(4)\cdot3(1)/(2))/(100) \\ =(3000\cdot3\cdot7)/(2\cdot4\cdot100) \\ =78.75 \end{gathered}

So intrest paid by the woman is $78.75.

(b)

Determine the amount paid by the woman.


\begin{gathered} A=P+I \\ =3000+78.75 \\ =3078.75 \end{gathered}

So woman repay $3078.75 to the bank.

User Simpleigh
by
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