cicileyblackmore8 cicileyblackmore8
  • 15-06-2021
  • Mathematics
contestada

Calculate the amount of simple interest you would pay on a loan of $20,000 at a rate of 5.6% per annum for three years?

Respuesta :

AnimeNadine
AnimeNadine AnimeNadine
  • 19-06-2021

Answer:

3360

Step-by-step explanation:

simple interest=principle*rate*time/100

simple interest=20000*5.6*3/100

simple interest= 200*5.6*3

simple interest = 3360

Answer Link

Otras preguntas

How to change 5/8 to a percentage
Yesterday Consuela bought some fudge and caramels for $6. She bought 2 pieces of fudge at 50 cents a piece and some caramels at 25 cents each. She gave some car
Factor completely: X2-7x-30
The equation of a circle is x2 + y2 + Cx + Dy + E = 0. If the radius of the circle is decreased without changing the coordinates of the center point, how are th
Find the matrix product, if possible.  Show your work please|-1 3|        |5 4|multiplied by |0 -2 6||1 -3 2|
Which of the following normally results from meiosis in a human cell that contains 46 chromosomes? A. an egg cell with 46 chromosomes B. a liver cell with 23
In Mendel’s experiments with a single trait, the trait that disappeared in the first generation and reappeared in the next generation is called the...
You have been cleaning diesel dispensers for 35 minutes. You have completed 6 dispensers. How many minutes has it taken you to clean 1 dispenser?*
Continue the pattern 7,16,8,27,9,?
After a recent experiment, a scientist noticed that the computer simulation varied from the actual experiment. What should the scientist do?