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

Describe and account for the changes in the American presidency between 1960 and 1975, as symbolized by Kennedy’s “Camelot”, Johnson’s Great Society, and Nixon’
who was responsible for the holocaust
Which sentence has no errors in the use of quotation marks? A. Mr. Thompkins said "boys, can you rake the leaves, too?" B. She told me "you don't know what you'
Identify the process that represents how organisms grow and replace old or damaged cell.
It was the strength of the opposition forces, both liberal and conservative, rather than the ineptitude and stubbornness of President Wilson that led to the Sen
what is 1/3 + 7/12 x 4
solve for y by using elimination -4x + 8y = 10 7x + 9y = 19
Many 12-15 year olds have access to the internet which cannot be supervised by an adult. Discuss the problems that this might cause.
Many 12-15 year olds have access to the internet which cannot be supervised by an adult. Discuss the problems that this might cause.
which step is not considered an element of a technical presentation? a.) speaking clearly b.) using visual aid c.) organizing the information d.) asking the aud