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 is the volume of the cone to the nearest cubic millimeter? (Use ​π = 3.14) A) 46 mm3 B) 128 mm3 C) 183 mm3 D) 257 mm3
Who was the king of England during the colonial years of protest? A) George III B) Charles II C) James I D) George II
How does an atom of bromine-79 become a bromide ion with a -1 charge?
French help please‼️⁉️
what does an active volcano do?
which action occurs at diverrgent plate boundaries? a - metamorphic rock formation b - seafloor spreading c - mountain building d - rock strata formation
What is the quotient (3x^4-4x^2+8x-1)/(x-2)?
Which economic system has the following advantage and disadvantage? Advantage: The government provides services like health care to all. Disadvantage: Consumer
How would you describe life in West Africa?
What is the correct order of steps in a reflex arc?