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

The slope of EF is -5/2 which segments are perpendicular to EF?
What are the 13 characteristics of cephalopods?
I need help getting started in return I will help with Spanish
Factor x3 – 7x2 – 5x + 35 by grouping. What is the resulting expression?
How did Chinese populations attempt to acclimate to American society, and how did this shape both Chinese-American and wider American society?
1. Given the following full electron configuration, which is the noble gas electron configuration? → 1s^2 2s^2 2p^6 3s^2 3p^6 4s^2 A. [Ar] 4s^2 B. [Mg] 3p^6 4s^
Division of the cell membrane to form two separate daughter cells.
The activation energy of an endothermic reaction
please help on this one?
What is the relationship between organelles and homeostasis?