Para iniciar un negocio, una pareja pide $5.500.000 para comprar equipo y suministros. Si el préstamo tiene una tasa de 14% de interés. ¿Cuánto deben pagar al final de un período de 90 días?

They will have to pay $5,692,500 in 90 days.

Deben pagar $5,692,500 pagar al final de un período de 90 días.

Step-by-step explanation:

This is a simple interest problem.

The simple interest formula is given by:

In which E are the earnings, P is the principal(the initial amount of money), I is the interest rate(yearly, as a decimal) and t is the time, in years..

After t years, the total amount of money is:

.

In this question:

3 months is 3/12 = 1/4 = 0.25 of an year. So

Then the interest accrued is:

What they will have to pay:

They will have to pay $5,692,500 in 90 days.

Deben pagar $5,692,500 pagar al final de un período de 90 días.

example 2 – simplify: step 1: completely factor both the numerators and denominators of all fractions. step 2: change the division sign to a multiplication sign and flip (or reciprocate) the fraction after the division sign; essential you need to multiply by the reciprocal. step 3 : cancel or reduce the fractions.