Roxanna018 Roxanna018

02-10-2017
Mathematics

contestada

In order to start a business, a student takes out a simple interest loan for $7000.00 for 6 months at a rate of 8.00 %

Respuesta :

Aliwohaish12 Aliwohaish12

02-10-2017

To find The interest owed the formula is
I=prt
I interest owed?
P principle 7000
R interest rate 0.08
T time 6/12
I=7,000×0.08×(6÷12)
I=280

To find the balance at the end of 6 months the formula
A=p+I
A=7,000+280
A=7,280

Hope it helps!

Answer Link

Otras preguntas

Write an equation that you can use to find the value of x. Perimeter of triangle: 16 in ANSWER 3x

Can someone please help me with this prompt response in 5 or more sentences please

Please help me this question is very off for me

22. After paying $7.50 for a movie ticket, Salvador still had $3.75. How much money did Salvador have before paying for a ticket?

Learning Task 3. Applying what you learned, let us find out what multimedia resource would you pick given the tasks in the first column. In the second column,

1. JACKSON WALKS 6 BLOCKS IN 4 MINUTES. HOW FAST IS HE WALKING?

A. Describe one meal that you typically order when eating out. B. What you could do to make that meal more healthful? There is no foods subject so I have to use

Name three jobs in insurance. What do administrative support careers do? Name three tasks.

PLEASE HELP ME ON THIS QUESTION ASAP!!!!!!!

What is the measure of angle z in this figure? Enter your answer in the box. 124