catherinethehill catherinethehill

26-04-2020
Mathematics

contestada

You take out a 7 month, $6,000 loan at 8% annual simple interest. How much would you owe at the end of 7 months?

Respuesta :

mysticchacha mysticchacha

29-04-2020

Answer:

$6,280

Step-by-step explanation:

Use the formula Interest = Principal * rate * time

I = P*r*t

I = ($6000)*(0.08) *( 7/12 years)

I = $ 6000 * .08 * 0.583333

I = $ 280

You would owe back $6000 plus the interest of $280

Total owed: $6280

Answer Link

Otras preguntas

What is the process of cellular respiration? Please this into very simple words. I will give the person that answers this question the fastest with accuracy of

A division problem is shown below. 4 1/3 divided by 5 1/6 The reciprocal of a fraction must be found to solve the problem. What is the reciprocal fraction that

A class of 25 students is going on a field trip to a science museum.They plan to visit the exhibits in small groups of 2,3, or 4 students along with a chaperone

Satire accomplishes all of the following except __________. comparing two unlike things discrediting or exposing human flaws using wit and humor using irony and

What responsibilities do married couples have toward each other?

What is the domain of the square root function graphed below?

Which of the following was NOT a source of resentment for Native Americans in the West during the late 1800s? A. forced assimilation B. railroads C. open ra

helpppppppppppppppppppppppppp

Why is the allusion to Bluebeard's Castle appropriate

Yesterday you walked 1/3 mile .today you walked 1/2 mile. How far did you walk in those two days?