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

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

For a ladder to be stable the angle that is makes with the ground should be no more than 78 degree and no less then 73 degrees. What are the minimum and maximum

write a diary entry on Rajgir hills of bihar (words limit 100to120words)

How did U.S. involvement in the Korean War affect the balance of power between the legislative and executive branches of our government?

tehre are 5 different math books, 3 different science books and 2 different english books. how many way can u arrange them?

Alkali metals are kept under oil because?

Determine the end behavior of f(x) Equation - f(x)=-4x^3+15x^2-8x-3

TPRS is a parallelogram. Identify m/R.

Which aspect of globalization have a positive or negative effect on your company?

According to Deuteronomy 6, how are we to teach God’s commandments?

A(n) _____ is used by employers to collect information about individuals applying for a job and becomes part of a hired employees permanent file.A. job applicat