Ernie rolph borrowed $3200 at 10% annual simple interest. if exactly 1 year later he was able to repay the loan without penalty, how much interest would he owe?

$320

Step-by-step explanation:

From simple interest formular

A=P(1+int) where A is amount payable, P is principal amount borrowed and int is interest gained

int=Rt where R is rate of interest in decimal form, t is duration

The rate of 10% converted to decimal is 10/100=0.1

Substituting P for $3200, R for 0.1 and t for 1 year

A=$3200(1+(0.1*1))=$3200*(1+0.1)=3200*1.1=$3520

To find the interest, it's A-P hence $3520-$3200=$320

Therefore, interest owed is $320

i used to know how to do this in 7th but i forget easily

step-by-step explanation:

first, we define the variables:

x: number of years after 1950

f (x): amount of vinyl sold.

then, with the variables defined, we have:

68594 vinyl records were sold in 1958 > f (8) = 68594

91299 vinyl records were sold in 1961 > f (11) = 91299

38720 vinyl records were sold in 1952 > f (2) = 38720

161743 vinyl records were sold in 1967 > f (17) = 161743

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step-by-step explanation: