Ella is Bono motorcycle and he’s taking out a loan in the amount of $15,000 her choice is for the loan or a 36 month loan at 6.50% annual simple interest and 48 month loan at 7.50 annual simple interest what is the difference in the amount of interest Ella would have to pay for these two loans

Step-by-step explanation:

Step-by-step explanation:

The formula for simple interest is expressed as

I = PRT/100

Where

P represents the principal

R represents interest rate

T represents time in years

I = interest after t years

Considering the 36-month loan,

T = 36 months = 36/12 = 3 years

P = $15000

R = 6.5%

Therefore

I = (15000 × 6.5 × 3)/100

I = 292500/100

I = $2925

Considering the 48-month loan loan,

T = 48 months = 48/12 = 4 years

P = $15000

R = 7.5%

Therefore

I = (15000 × 7.5 × 4)/100

I = 450000/100

I = $4500

The difference in the amount of interest Ella would have to pay for these two loans is

4500 - 2925 = $1575

1d

2b

3 false

4 d

5 3200sq,ft

80+60+y=180

then divide the difference between 60 and y and add it to 180

so x =180 +( (y-60)/2)

x equals 200

step-by-step explanation:

8

in the math equation 8 x 7 = 56, the 8 and the 7 are both factors of 56, since in this lesson we will use square tiles to figure out the factors of a whole find as many different arrays as you can, but follow one important rule: all the rows must have the i can make two rows of nine, so 2 and 9 are both factors of 18.

step-by-step explanation: