89cipzqax7 89cipzqax7
  • 14-01-2021
  • Mathematics
contestada

To buy a car, Mitchell borrowed $17,000 at an annual (yearly) simple interest rate of 9%. During his first year of this loan, he will owe the bank $1530 in interest.

Respuesta :

learningisfunnn123
learningisfunnn123 learningisfunnn123
  • 15-01-2021

Answer: True

Step-by-step explanation:

(1) 100% - 9% = 91% = .91

(2) .91 x 17,000 = 15470

(3) 17,000 - 15,470 = 1'530

Answer Link

Otras preguntas

What is the value of 9 in 980,650
Tomika owns 3/5 of a law partnership. What percentage is that partnership does she own?
A rational expression is undefined whenever its denominator is zero. A. True B. False
Statistical measures
Convert 16 mph to feet per minute A 88 ft /min B 528 ft/ min C 5,280 ft/ min D 316,800 ft/ min Please help got stuck Thank you
please help!! I have no idea!!
When you act with integrity, you avoid
Can someone please explain how to do this in detail! (Number 1)
Where and when do scientists believe the first people migrated to America
What name is given to the literary and cultural movement that occurred after World War I and addressed the societal problems that were created by the Great Depr