dmiyriyseleznev dmiyriyseleznev

01-12-2016
Mathematics

contestada

Joe borrowed $2,000 from the bank at a rate of 7% simple interest per year. how much interest did he pay in 5 years?

Respuesta :

blacknthfurious blacknthfurious

01-12-2016

7% of 2,000 is 140. sooooo
140 x 5= 700

Answer Link

01-12-2016

By the formula I=PRT/100
P=PRINC AMOUNT
R=RATE
T=TIME / ANUE (yrs)
Giving p=2000
R=7%
T=5yrs
Substitute the values in the above formula gives
(2000)+(7)+(5)/100=20.12

Answer Link

Otras preguntas

Which is the graph of 3x – 5y = 15?

An inversion in a human chromosome often results in no demonstrable phenotypic effect in the individual. What else may occur?

find a non-zero value of K such that kx^2+ 8x+8+= 0 has only one solution. What is the solution?

Which court has three to nine judges? Supreme Court trial court domestic relations court traffic court juvenile court

What integer increased by - 12 is 28?

Cooper metal has a specific heat of 390 j/kg C. Calculate the amount of heat required to raise the temperature of 22.8 g of copper to 875 C

What is the importance of the symbolism of The symbolism of the armor of the Greek and Trojans

Angles of elevation and depression-SOMEONE HELP ME

What places should you avoid when seeking shelter from a tornado?

In about five to six sentences, describe how an author can use ethos to persuade their reader. help please !!