Solve the problem.Enrique borrowed $2500 to put a down payment on a motorcycle. The loan had a simple interest rate of 8% for 2 years. Use the formula I = prt to find the amount of interest he will pay on the loan. I = interest;  r = rate (expressed as a decimal 0.08); t = time in years.

A. $2900
B. $200
C. $400
D. $2000


Answer: C

Mathematics

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A.

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For the demand function given, find the elasticity at the given price and state whether the demand is elastic, inelastic, or whether it has unit elasticity.q = D(x) = ; x = 1

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