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

what is meant by a hoary corpse?
21,326,438.86 expandedform
A decimal that is equivalent to 5.300
What is the molar mass of Mg(NO3)2? Explain how you calculated this value.
Write a description of an array of stickers using the product of 3 x 15.
write the number name for 43,080,700
standard form of two hundred ten million sixty four thousand fifty
In an inelastic collision, momentum is conserved. True or false?
round 135.91 to the nearest whole number
define urbanization?