Rita has a loan of $45,580. This loan has a simple interest rate of 4% per year. What is the amount of interest that Rita will be charged on this loan at the end of one year?

show work

$1,823.20

Step-by-step explanation:

You are going to want to use the simple interest formula for this. The one below is modified for solving the interest earned.

I = interest amount

P = principal amount

r = interest rate (decimal form)

t = time

First, change 4% into its decimal form:

4% -> -> 0.04

Next, plug in the values:

Rita will be charged $1,823.20 worth of interest at the end of one year.

step-by-step explanation:

we are given a graph for system of inequalities.

in order to write the system of inequalities for the given graph, we need to find the inequality for each of the line separately.

let us find the slope of dotted line first.

taking two coordinates on the graph.

let us say (0,0) and (3,1).

let us find the slope of the line now.

slope of the dotted line would be =.

y-intercept of dotted line is y=0 only.

plugging slope m= and b=0 in slope-intercept form y=mx+b, we get

.

the line is shaded up of that dotted line.

therefore, for shading up we would take greater than inequality symbol > .

and because it's a dotted line we would take only > symbol in place of = sign in above equation of line.

therefore, inequality for dotted line would be

let us take two points (3,1) and (0,4) on the solid line.

slope of the solid line would be =.

for the solid line we have y-intercept b= 4.

plugging slope m= -1 and b=4 in slope-intercept form y=mx+b, we get

y = -1x + 4.

the line is shaded down of that solid line.

therefore, for shading down we would take less than inequality symbol < .

and because it's a solid line we would take ≤ symbol in place of = sign in above equation of line.

therefore, inequality for solid line would be