Green1967 Green1967
  • 03-09-2019
  • Mathematics
contestada

43,000 borrowed for 9 years with 7.5% interest if paid in full how much must be paid back

Respuesta :

jdoe0001 jdoe0001
  • 03-09-2019

assuming a simple interest rate

[tex]\bf ~~~~~~ \textit{Simple Interest Earned Amount} \\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill & \$43000\\ r=rate\to 7.5\%\to \frac{7.5}{100}\dotfill &0.075\\ t=years\dotfill &9 \end{cases} \\\\\\ A=43000(1+0.075\cdot 9)\implies A=43000(1.675)\implies A=72025[/tex]

Answer Link

Otras preguntas

Which is the standard font and size for most professional papers? a. 18 pt Helvetica c. 10 pt Comic Sans b. 12 pt Times New Roman d. Any of these
Let W be a point between points U and V on . If UV = 13, UW = 2y – 9, and WV = y – 5, solve for y.
The gland controls and regulates all other glands, and it secretes growth hormones.
whats the word islam mean in arabic
The 1911 Chinese Revolution ended the rule of the _____? -manchus -qing -song -mongolians
Organic food is the fastest-growing sector of US agriculture
What are the three p21 of memory? Sensory, echoic, and long-term Hearing, visual, and retrieving Sensory, working, and long-term Visual, sensory, and long-term
What is 2 - 5/7 please help
Marcy's friend lost a lot of weight using a protein supplement, and she urges Marcy to try it. What should Marcy do?
Knowledge that gives a producer an economic advantage over other producers is called a _____. trade secret trademarks patents