alsoveliz03 alsoveliz03

01-05-2021
Mathematics

contestada

The amount of interest accrued on
a $7,000 loan with 6% interest after t years.

Respuesta :

samuelonum1 samuelonum1

06-05-2021

Answer:

$420t

Step-by-step explanation:

Given data

Principal= $7000

Rate= 6%

Time= t years

The expression for the amount is

Simple interest= PRT/100

Sustitute

Simple interest= 7000*6*t/100

Simple interest= 42000t/100

Simple interest= 420t

Hence the amount after t years is $420t

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