Acompany borrows $74,000 for 2 years at a simple interest rate of 13.5%. find the interest paid on the loan and the total amount paid.

Step-by-step explanation:

The amount of interest is computed using the formula ...

  I = Prt

where P is the principal borrowed ($74,000), r is the annual interest rate (0.135), and t is the number of years (2). Filling in the numbers and doing the arithmetic, we have ...

  I = $74,000×0.135×2 = $19,980 . . . interest on the loan

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The amount repaid is the sum of the original amount borrowed and the interest:

  $74,000 +19,980 = $93,980 . . . . total amount repaid

addition

step-by-step explanation:

1 number

if we use a graphing calculator, there is only one such number that satisfies the conclusion of the mean value theorem, that is, a number such that

where the right-hand side is the average rate of change of f on the interval [0.5,0.75], which is the slope of the secant line.

in the attached graph, the black line is the secant line which has its slope as the average rate of change of f on [0.5,0.75], while the orange line is the only tangent line to the graph of f in the interval that satisfies the mvt conclusion.