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 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

Which event is an example of genetic drift? An earthquake kills 90 percent of the green beetles in a population of green, black, and brown beetles. A green bee
While the Puritans and Quakers are Christian groups from Europe, A) the Olmec beliefs trace their roots to Africa. B) the traditional African and Olmec beliefs
write the number of significant digits given in each of the following measured quantities? A. 1.008g/mol B. 6.2402km/hr
how do I simplify 6radical 500 -3radical20+radical18?
Read the sentence. the group of friends came to a consensus about which movie they would agree to see together. what is the best way to rewrite the sentence t
Subtract 0545-0058 military time
which of the following was not a precursor to the revolutionary war? A-quartering act. B-boston tea party. C-royal proclamation of 1763. D-war hawk congress
Why does the inequality sign change when both sides are multiplied or divided by a negative number? does this happen with equations? why or why not?
what is the notation for 72.4
__________ is from the greek words for flippers, or "seal-shaped limbs."