ChaseA543996 ChaseA543996
  • 03-11-2022
  • Mathematics
contestada

Karl borrowed $5,700 from the bank for a year at 9% simple interest. What was the amount he paid back to the bank?

Respuesta :

SianaK241975 SianaK241975
  • 03-11-2022

Simple interest = PRT /100

where P is the principal

R is the rate

T is the time in year

From the question

P=$5700 R=9 T=1

substitute the values into the formula;

S.I = 5700 x 9 x 1 /100

=$513

Amount pay back = $5700 + $513 = $6,213

Answer Link

Otras preguntas

12/100 in simplest form
A line segment has end points of ( 4,-4) and ( 0-5) what are the coordinates of the midpoint of this line segment? a. 2 1/2 , b. -2 -9/2 , c. 4 1/2 , d. 8 ,
graph the function f(x)=(x+1)(x-2)
i need help with math my question is i hope this question doesnt get deleted so my question is which of the following numbers is divisible by 5
how to write 2.789 in word form
What is a small group that rules a country after taking it over by force
is 16.7 a reasonable sum for 7.5 + 9.2 explain
Describe the cartoon's message about early agrarian societies
Evaluate each expression 9 cubed
Describe the cartoon's message about early agrarian societies in one sentence: