4300259249 4300259249
  • 16-12-2021
  • Mathematics
contestada

Joe borrowed $3,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 4 years?

Respuesta :

226217
226217 226217
  • 16-12-2021

Answer:

$1050

Step-by-step explanation:

Simple interest =P*R*T/100,

substituting the values:

3000*7*5/100= 1050.

therefore Simple interest = $1050

Hope it helps

Answer Link

Otras preguntas

What is the energy source for plants?
Each side of an equilateral triangle measures 9cm. Find the height, h, of the triangle.
Compare and contrast critical thinking and inference
11r+60=16 show work plz
What is the answer for $7.96 for 5 pounds ??
Evaluate 5a+3b and (5+a)(3+b) For a =2 and b=4. How Is the order Of the steps different For the two expressions?
What is ____ divided 12 = 3? What is the answer to the blank?
13=5-8m show work thank u
what type of consumers are in temperate grassland
how do you write 28.048 in expanded form