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

What different ranges of blood pressure indicate
When editing your response, which of the following is NOT something to consider to improve your essay? A. Attack the author more to discredit his or her argumen
In ΔABC, the measure of ∠C=90°, AC = 40, BA = 41, and CB = 9. What is the value of the tangent of ∠B to the nearest hundredth? *WILL MARK BRAINLIEST*
Find the area and the perimeter of a triangle (shown below) PLZZZ
Which statement about this system of equations is true? 5 A. The system has no solution. The system has a unique solution at (0,0). B. C. The system has a uniqu
What is the name for the process of using light energy to convert carbon dioxide and water to glucose and oxygen?
solve the equation: |x+3| >2x-1
ordene las palabras en el orden correcto en ingles, solo esta porfavor: Werash
What is DNA??????????
Which of the following could be trigonometric functions of the same angle?