Find the total amount owed, to the nearest cent, for a simple interest loan with a principal of $2950, an interest rate of 7.4% and a time period of 1.5 years. Show your work.

Total Accrued Amount = $3,277.45

Interest Amount = $327.45

Step-by-step explanation:

A = $3,277.45

I = A - P = $327.45

Equation:

A = P(1 + rt)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 7.4%/100 = 0.074 per year.

Solving our equation:

A = 2950(1 + (0.074 × 1.5)) = 3277.45

A = $3,277.45

The total amount accrued, principal plus interest, from simple interest on a principal of $2,950.00 at a rate of 7.4% per year for 1.5 years is $3,277.45.

step-by-step explanation:

because 1/3 is a fraction. we can tell because there is a divisor symbol between the 1 and the 3. if we were to add 2 fractions together, we would add the numerators, which is the number on top, but not the denominators, which is the number on the bottom

1/3+1/3=2/3

hope this !

graph #4 (last graph) depict the function   f(x)= -m(x-d)^1/5 i

step-by-step explanation:

we know that

m=slope

but in this function slope is -m that means slope is decreasing and it is decreasing by 1/5 points down the x-axis.

which is shown in graph four

a decreasing slope down x-axis by 1/5 points.

hence 4th graph is the right option for this.