almarinelli01 almarinelli01
  • 24-11-2021
  • Mathematics
contestada

2. Find the simple interest paid to borrow $4800 for 6 years at 7%.

Respuesta :

safiyyahisat05 safiyyahisat05
  • 24-11-2021
2016

1% is 48
7% 336 [1 year]
6 years is 2016
Answer Link
ratedgibbon216 ratedgibbon216
  • 24-11-2021

Answer:

$2016

Step-by-step explanation:

Simple Interest equation: I = Prt

So,

P = $4800

r = [tex]\frac{7}{100}[/tex] = 0.07

t = 6

I = (4800) · (0.07) · (6)

Thus,

The simple interest is $2016.

Answer Link

Otras preguntas

For which value of x is undefined?
how did spartans train boys and girls so they could protect the city-state?
How do I round 35.26 to the nearest whole number
The rug is 1 1/2 meters wide and 3 1/6 meters long. What is it's area?
log3 27=3x+6 solve this please
What is the movement of water through the environment known as
The sun is inferred to be the most luminous when it is classified as
sentence for miscreant.
When 0.2mol of calcium reacts with 880g of water 2.24L of hydrogen gas form at STP How would the amount of hydrogen produced change if the volume of water was d
What European island nation is located at 20 degrees W and 63 degrees N?