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

o= 4(i) +3

step-by-step explanation:

o is your output value and i is your input value. so, for example, if we stuck 7 in as our input, we would first multiply by 4 ( pemdas ), which equals 28. then we would add 3 to 28, for a total output of 31. this may not be a graph, but, it is a way to solve your formula..

8496 cars

step-by-step explanation: