chloehelp chloehelp
  • 17-12-2018
  • Mathematics
contestada

if you borrow $675 for six years at a interest rate of 10% how much interest will you pay

Respuesta :

Аноним Аноним
  • 20-12-2018

Answer:

the answer is $40.5

Step-by-step explanation:

the basic formula of finding our interest is I = PxRxT

P (principal) = 675

R (rate) = 10%  (we have to turn it into a decimal which is 0.010)

T (time) = 6 years

so :

I = 675 x 0.010 x 6

I = 40.5


Answer Link

Otras preguntas

Name four behaviors that animals must use to survive
Peter jogged 96 yards in 40 seconds? What is his speed in feet per second?
I am a number between 500 and 600. My Ones digit is 5. My tens digit is the difference between my ones and hundreds digits. Who am i
what is a rational number between -1/6 and -2/6
Name four behaviors that animals must use to survive
Name four behaviors that animals must use to survive
what is a rational number between -1/6 and -2/6
what is E=m² the famous theory of albert einstien?
what is E=m² the famous theory of albert einstien?
Caitlyn did 6/7 of the problems on her math correctly and 4 incorrectly. She did all the problems. How many were there?