The yearly interest charged on this loan is the annual interest rate multiplied by the amount borrowed:

interest = annual interest rate x loan amount

i = (\( \frac{6}{100} \)) x $1,500
i = 0.07 x $1,500
i = $105

The yearly interest charged on this loan is the annual interest rate multiplied by the amount borrowed:

interest = annual interest rate x loan amount

i = (\( \frac{6}{100} \)) x $1,000
i = 0.08 x $1,000

No payments were made so the total amount due is the original amount + the accumulated interest:

The distributive property for division helps in solving expressions like \({b + c \over a}\). It specifies that the result of dividing a fraction with multiple terms in the numerator and one term in the denominator can be obtained by dividing each term individually and then totaling the results: \({b + c \over a} = {b \over a} + {c \over a}\). For example, \({a^3 + 6a^2 \over a^2} = {a^3 \over a^2} + {6a^2 \over a^2} = a + 6\).

The distributive property for multiplication helps in solving expressions like a(b + c). It specifies that the result of multiplying one number by the sum or difference of two numbers can be obtained by multiplying each number individually and then totaling the results: a(b + c) = ab + ac. For example, 4(10-5) = (4 x 10) - (4 x 5) = 40 - 20 = 20.

By buying two shirts, Frank will save $36 x \( \frac{20}{100} \) = \( \frac{$36 x 20}{100} \) = \( \frac{$720}{100} \) = $7.20 on the second shirt.

So, his total cost will be
$36.00 + ($36.00 - $7.20)
$36.00 + $28.80
$64.80