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

the angle that the incident ray makes with the normal at the point of incidence.

PLEASE HELP!!!!!! WILL GIVE BRAINLIEST!!!!!!! Read the following excerpt about stem cells. Then use your knowledge about gene regulation to make a claim as to w

helpp ill mark u as Brain list

What is f(+3) if f(x) = 5 x

3. Is the following statement a fact, opinion or theory? Why? Scrambled eggs are better for breakfast than cereal. I can stay full longer if I eat eggs.

Help me I am suffering from math T-T

Why did Nike want Michael Jordan to endorse its sneaker line ?

HELP HELP HELP HELP HELP PLEASE PLEASE!!!!!!

please help with this question. i will mark you brainliest promise

Some ant colonies consist of a queen, who performs all reproductive duties for the colony, and worker ants, who perform all the labor that the colony needs to g