noobmaster6951
noobmaster6951 noobmaster6951
  • 23-01-2020
  • Mathematics
contestada

Jim gets a simple interest loan for $1500 for 2 years and has 7.5% interest. How much does he pay in total for his loan including interest?

Respuesta :

ZaneRussum
ZaneRussum ZaneRussum
  • 24-01-2020

Answer:

$17225

Step-by-step explanation:

convert percent values to decimals

7.5/100=.075

plug into equations where x=total interest and y is total loan pay

1500*.075*2=x

1500+x=y

solve equation 1

1500*.075*2=x

225=x

solve equation 2 now that we know total interest

1500+225=y

17225

(i would appreciate a thanks and rating my boy)

Answer Link

Otras preguntas

copy the link and do whatever
HELP I NEED HELP ASAP HELP I NEED HELP ASAP HELP I NEED HELP ASAP HELP I NEED HELP ASAP HELP I NEED HELP ASAP HELP I NEED HELP ASAP
Find the volume of the prism.
Imagine you were a migrant farm worker in 1960 what are some things that need to be changed so you can live a better life
what's 2+2 I don't know
Divia draws a shape with 5 sides two sides are 5 inches long. Two other sides are each 4 inches long the whole is 27 inches what's the length
Measurements of atoms, such as amounts, distances, and weights, are often very large or very small when compared to measurements of things you can see or touch.
Someone please help me I’m struggling freshman in college. If the center of a ellipse is (5,-4) the major axis is horizontal and parallel to the x axis, and the
Match each sentence part to the question it answers pls hurry
Explain Lewis electron dot formula of H, O, N, H2, O2, and N2