Maurice took out an auto loan of $3200 for 6 months. The simple annual rate was 18%. How much interest did he pay
on his loan?
$3488
OS288
S3456
S600
6
7
8
9
10

$288

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 18%/100 = 0.18 per year,

then, solving our equation

I = 3200 × 0.18 × 0.5 = 288

I = $ 288.00

The simple interest accumulated

on a principal of $ 3,200.00

at a rate of 18% per year

for 0.5 years is $ 288.00.

answer: the answer is fre sha voca do

step-by-step explanation:

step-by-step explanation:

we have

using a graphing tool

see the attached figure

this is a quadratic equation (vertical parabola) open up

the vertex is a > vertex

the domain of the function is all real > interval (-∞,∞)

the range of the function is the > [-6.125,∞)

the function has two x->   and

the function is increasing over the > (0.25,∞)

the function is decreasing over the > (-∞,0.25)