Nellie has a bankruptcy on her credit report and therefore pays higher interest rates on her current loans. she calculates that the extra money she pays in additional interest each year, if invested at the rate of 3% for 5 years, could earn her simple interest totaling $114. approximately how much does nellie pay in additional interest each year

Nellie pays $760 in additional interest each year.

Step-by-step explanation:

Nellie calculates that the extra money she pays in additional interest each year, if invested at the rate of 3% for 5 years, could earn her simple interest totaling $114.

So, here I = 114

r = 3% or 0.03

t = 5

Putting these in simple interest formula:

=>

=>

p = $760

Hence, Nellie pays $760 in additional interest each year.

y = 2x

step-by-step explanation:

if you divide each number in the sequence, you'll see that they all have a multiple factor of 2. each number in the series, and any other numbers which may continue, will be multiplied by 2. therefore, y is the next number in the sequence, and x is the current one, so, our formula will be y = 2x.