doggyishere123456789 doggyishere123456789
  • 12-11-2020
  • Business
contestada

You are starting your own small business in Albuquerque. You borrow $10,000 from the bank at a 9% rate for 5 years. What is the total amount you will pay on this loan.

Respuesta :

26javiercontreras 26javiercontreras
  • 17-11-2020

Answer:

4,500

Explanation:

Use the I=PRT method to help

P=10,000      T=5 years     R=9%=9/100=0.09

this is going to be your equation

I=10,000 x .09 x 5

multiply you t x r

it should now look like this,

I=10,000 x .45

now the last thing to do is just multiply them both.

you should get,

I=4500

Answer Link

Otras preguntas

An increase in immigrants to Texas led to _________ education. A. extracurricular B. higher C. mandatory D. bilingual
In the reversible reaction shown below, r moles of a react with s moles of b to produce t moles of c. which equation can be used to represent the equilibrium co
Which phrase states a principle that was part of president woodrow wilson's fourteen points?
^5sqrt4x^2 ^5sqrt4^2
Help me please im about to give up
There are only three types of polygons that can be the faces of a Platonic solid. They are _____, _____, and _____. Check all that apply. A. rectangles B. squar
Express the area of a rectangle with length 7ab and width 2a as a monomial.
It takes 10 workers 24 hours to do a job. Fill in the chart.
The tall woman was a (professional) athlete who always (laughed) during scary movies. Choose the two antonyms for the (bracketed words) expert / chuckled skill
The transtheoretical model includes a stage called termination. a. True b. False