The Smith family took out a $160,00 loan. After 30 years they had paid a total of 36400. What is the interest rate on the loan? Can someone pls answer this in an hour using the equation Interest= principal x rate x time or I=PRT.

The interest rate is 0.0425%

Step-by-step explanation:

Mathematically;

I = PRT/100

From the question, I in this context is the difference between how much they have paid and the amount borrowed

Mathematically, this is ; 364,000-160,000 = 204,000

This is the interest

R is the rate = ?

T = 30 years

P is the amount borrowed = 160,000

thus, we have

204,000 = (160,000 * R * 30)/100

2040 = 4800000R

R = 2040/4800000

R = 0.000425 which is 0.0425%

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..

add an image

step-by-step explanation: