littleabbylittle littleabbylittle

20-12-2019
Mathematics

contestada

Find the simple interest if $5000 is borrowed for 2 years at 12% rate of interest

Respuesta :

emily200471lopez emily200471lopez

20-12-2019

Answer:

6,200.00

Step-by-step explanation:

Equation:

A = P(1 + rt)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 12%/100 = 0.12 per year.

Solving our equation:

A = 5000(1 + (0.12 × 2)) = 6200

A = $6,200.00

Answer Link

ACCESS MORE ACCESS MORE ACCESS MORE ACCESS MORE

Otras preguntas

Selective breeding has been used for thousands of years to (1) develop bacteria that produce human insulin (2) clone desirable plant varieties (3) deve

Why was monotheism unusual in its time and place?

A catering company charges a $300 set up fee and $10 per person for a lunch buffet. Approximately how many people must attend the lunch so that the total cost p

Who did more to spread Christianity—Paul or Constantine? Why?

After being thoroughly stirred at 10.°C, which mixture is heterogenous?(1) 25.0 g of KCl and 100. g of H2O (2) 25.0 g of KNO3 and 100. g of H2O (3) 25.0 g of N

Which heading best completes the partial outline below? I. _______ A. Hannibal leads Carthaginian Army over the Alps to surprise the Romans. B.

City A has an elevation of 3447 feet above sea level while city B has an elevation of 86 feet below sea level. How much higher is City A than City B?

what is the answer to 96 divided by 6

The Kentucky senator who wrote the Compromise of 1850 was Henry ________. i cant find the answer anywhere

What are Junior, Talloi, and Beah doing when they learn that rebels have attacked their hometown?