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

The formula rt = d is used to calculate distance if you know the rate and time. What is the equation for finding the time when given the rate and distance?
Before McCulloch v. Maryland went to court, the state of Maryland
1. Netta and Jim argued over their views of free trade. 2. Netta and Jim had different views on free trade. 3. Netta and Jim were sharply split over the issue o
"An unsaturated solution is formed when 80 grams of salt is dissolved in 100 grams of water at 40° celsius. This salt could be... " 1. KNO3 2. KCL 3. NaNO3
what is cousin in sign language
Discuss the link between polygamy and the dawn of agriculture
How does thermal energy run a car? How does burning gas in the engine cause the wheels to turn?
if a man moves a large box by applying 10 Newtown for 20 meters in 40 seconds how much power was used
Round 6.097 to the nearest hundreadth
What is 47*3 pruduct?