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

What are the approximate solutions of 2x2 + 9x = 8 to the nearest hundredth?
The product of 2 times 10 raised to the fourth power and 4 times 10 to the negative 12 power in scientific notation
You filled out the medical questionnaire and gave it to your new doctor. The doctor reviews the form and then discusses a course of action. MEDICAL HISTORY Par
What common law refers to laws determined through
Which of the following lines contain alliteration? Meanwhile, his friend, through alley and street 1 Wanders and watches with eager ears, 2 Till in the silen
The costs of producing each additional unit of a particular product is called what? a. marginal costs b. total costs c. fixed costs d
what roles did political machines play in major cities?
What is the equation of a circle whose center is at the origin and whose radius is 9?
alex scored 20% in his maths test. if the test was out of 45, what was his score?
What is the formula for finding your maximum heart rate