You borrow $2500 to buy a new riding mower. The simple interest rate is 6%. You pay the loan off after 3 years. What is the total amount you payed for the loan?

$2950

Step-by-step explanation:

The equation for simple interest is A = P (1 * rt) where A is the final amount, P is the principal or initial amount, r is the rate, and t is the time.

In this problem, P = $2500, the rate is 6% so r = 0.06, and t = 3. Filling in the equation, you get A = 2500 (1 + 0.06*3).

This should come out to A = $2950.

answer: city needs 2.4 inches of rainfall more to match the record of 40 inches.

step-by-step explanation:

since we have given that

total annual rainfall a city record = 40 inches

this year, total rainfall recorded = 37.6 inches

number of inches of rainfall   is needed to match the record of 40 inches is given by

hence, city needs 2.4 inches of rainfall more to match the record of 40 inches.