Question

Comme Segoe 1 11 v AA Aa A AaBbceDdEe Aabbede ste AalbCcDdEe BIU AaBbCD ABCDE AaBb S X Av. Av 5 E CG Normal Normal No Spacing Heading 1 Heading 2 Sty 5. [2 points) On a quiz, Trevor answered 90% of the questions correctly and 5 questions incorrectly. How many questions did he answer correctly? [2 points) If you borrow $500 at 4% simple interest for 6 years, what is the total amount you will have to pay back? [2 points) Debbie borrowed $22,000 and paid back $23,760 two years later. If she was charged simple interest, what was the rate? I [1 point] Jill paid interest of $600 on a 1 year loan at 5% simple interest. How much did she borrow? Focus ge 2 of 3 250 words English (United States)

Answer 1

$120 Interest - $ 500X 4x 6 400 SO. Total amount paid back after two years = Pf Interest = $ 500 + $ 120 - $620 ApS bo Given :- Principle (P) = $22000 (Amount Borrowed) Amount Paid Back after two years (A) = $ 23760 So, Interest (I) = A-P $ 23760- $ 22000 = $ 1760 since, here calculation is done acc ccording to sromble Interest SO, For simple interest Interest PXRxt -$22000 X RX 2 ( Given: $ 1760 = $220 X RX 2 8 4 R $ 1760 $ 220 X 2 " R = 4% annually So, Rate = 47. annually! ANS Interest (I) = $ 600 Simple interest rate = 5% annually time (t) = & rear We know that I - PXRxt 100 So. Amount borrowed $ 600= PX 8XI = $12000 - P- $ ( 2 000 10 ARS