lilpanda12 lilpanda12
  • 12-11-2017
  • Mathematics
contestada

time=6 years intrest rate=2.7% original amount of loan=$1,250 what amount of sinple interest will be paid on the loan

Respuesta :

rgwoot
rgwoot rgwoot
  • 12-11-2017
Simple interest formula: I=prt
t=6yrs
p=1250
r=2.7%

I=prt
I=(1250)(.027)(6)
I=202.50

Simple interest paid will be $202.50
Answer Link

Otras preguntas

It is a rainy day; you are trying to persuade your friend to go for a run with you
Is the answer b? I'm not sure.
Simplify 5 − (−1) 6 -6 4 -4
The length of a garden is 23 feet. The width of the garden is 14 feet. Which is the correct unit of measurement to use when figuring out how much fence is ne
Suppose that a person's thyroid gland is not producing enough hormone. What are two possible effects?
The period (T) of an oscillating wave is 1/5s. What happens to the frequency (f) of the wave if T increases to 1/2s
What could cause a tear in the new tube?
What are two ways the bill of rights opposes the idea of the divine right of kings
If the man on the left pulls on the object with a force of 500 N and the man on the right pulls on the object with a force of 750 N, what is the net force exert
connor had 5 dogs with a mean of 44 ponds. What was the total weight of the five dogs?