Mia agrees to borrow a 3-year loan with 4% simple interest to buy a motorcycle part a - if mia will pay a total of $444 in interest, how much money did she initially borrow? part b - how much interest would mia pay if the simple interest rate were 5%?

Part A

If Mia pays simple interest, it means that she will pay the same dollar amount of interest each year.

Since she paid a total interest of $444 over 3 years, her annual interest  = 444/3 = 148

Let "x" represent the intital amount she borrowed

So, we frame the equation as :

x*0.04 = 148

x = 148/0.04

x = 3,700

Amount she initially borrowed = $3,700

Part B:

If the interest was 5%,

Her annual interest will be = 3,700*0.05 = 185

So, her total interest = 185*3 = $555

Interest that Mia would pay at 5% simple interest = $555

answer: given that the roller coaster can accommodate 1600 riders per hour, thus the roller coaster can accomodate 1600 / 60 = 26.67 riders per minute.

given that there are 345 people in the line, the number of minutes it will take for the 345 persons to get into the roller coaster is given by 345 / 26.67 = 12.94 minutes.

therefore, it will take you 12.94 minutes to get to the front of the line.

step-by-step explanation:

step-by-step explanation:

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