martensivy00
martensivy00 martensivy00
  • 13-04-2021
  • Mathematics
contestada

If you borrow $5000 at an interest rate of 8% for 9 years how much interest will you pay? (I got $3600 but I don't know if its right)

Respuesta :

Theorem
Theorem Theorem
  • 13-04-2021

Step-by-step explanation:

Principal:- $5000

Rate= 8%

Time = 9 years

Interest = P×R×T/100

= 500×8×9/100

= 5×8×9

= 40×9

= 360

Hence, Interest = $360.

if it helps don't forget to like and mark me

Answer Link

Otras preguntas

why did mercantilists believe that nations should set up overseas colonies?
What view does the speaker favour?​
Find the measure of angle b. 40° A) 140° C) 40° B) 50° D) 136°
A.It has reflectional symmetry with one line of symmetry. B.It has point symmetry. C.It has no reflectional symmetry. D.It has rotational symmetry with an angle
Solve : x - 11 = 2pls answer my question ​
Explain Macbeth's metaphor about murder
A girl walks 150 m from home to school in an easterly direction. She then turns and walks away 25 m to a shop what distance did the girl walk?​
What does Jefferson conclude as the only remedy to the British Crown's failure to hold up its part of the social contract between the Crown and its American col
Match the questions with the answers. 1 Do you celebrate April Fool's Day? d 2 What sports do you play? 3 Does your brother like shopping? 4 Do they usually go
the selling price of an article is 20% less than its marked price and the marked price is 30% above the cost price. find the profit percent.​