dmiyriyseleznev
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 blacknthfurious
  • 01-12-2016
7% of 2,000 is 140. sooooo
140 x 5= 700
Answer Link
shinku shinku
  • 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 number is 100 less than 61 tens?
Given that 500w = 3 * 700, find the value of w.
The positive integer x is a multiple of 9 and also a multiple of 12. The smallest possible value of x is (A) 3 (B) 12 (C) 21 (D) 36 (E) 72
Show that 9x^2-17x-85=0 give you solutions to 3 correct significant figures There are two possible answers for x
What is the correct term for a release of an ovum in the female reproductive system?
If (3+y)/y=7, then y= Please help :)
If (3+y)/y=7, then y= Please help :)
find the area of a triangle given that c=40m b=20m a=48°
Because the majority of the evening cable TV programs available dealt with violence and sex, the parents decided that the programs were for the children to watc
Why did the goverment ration goods for people to buy?