Application 11. dasha took out a loan of $500 in oeder to buy the # 1 selling book in the world, "math, what is it good for? " by smart e. pants. she plans to pay back this loanin 30 months. the loan will collect simple interest at 6.5% per year. how much will dasha have to pay back at the end of this time? what is the accumulated interest? [3 marks]

Step-by-step explanation:

The formula for the total accrued amount is

A = P(1 + rt)

Data:

P = $500

r = 6.5 % = 0.065

t = 30 mo

Calculations:

(a) Convert months to years

t = 30 mo × (1 yr/12 mo) = 2.5 yr

(b) Calculate the accrued amount

A = 500(1 + 0.065 × 2.5)

  = 500(1 + 0.1625)

  = 500 × 1.1625

  = 581.25

(c) Calculate the accumulated interest

answer:

it is general formula that is used to write value to its excet position

a11 a12 a13

a21 a22 a23

it is the example of order 2 by 3 matrix in this

a11 means value occur in 1 st row 1st column

a12 means value occurs in 1st row 2nd column

a13 means value occur in 1st row and 3rd column

a21 means value occurs in 2nd row and 1st column

a22 means value occurs in 2nd row and in 2nd column

a23 means value occurs in 2nd row and in 3rd column