O The total simple interest owed on a loan of $8,000 after 60 months is $1,280. What is the yearly interest rate on the loan? Show your work.

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Q: Find the principal if the interest is 18,000 with a rate of 9% at term of 4 years.

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Q: You are the loan department supervisor for a bank. This installment loan is being paid off early,…

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Q: Find the amount (in $) of interest on the loan. Principal Rate (%) $50,000 Alw 5- Time 6 months $…

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A: We know,  APR = 2Nr/N-1

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Q: A farmer purchased 285 acres of land for $4,300/acre. He paid 25% down and obtained a loan for the…

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Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.