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

If an author's purpose is to convince readers of something, which form is he or she likely to choose?
what is the value of y in the equation 2(3y -6) equals 0​-2026
Ali cuts two pieces from a board that is 5 3/4 feet long. One piece is 1 1/2 feet long. The much of the board is left >​
what are the two most important heat is absorbing gases in the atmosphere?
When you purchase an item with a credit card, you might not ever have to pay for it.
What volume of 0.12M Ba(OH)2 is needed to neutralize 12.2 mL of 0.25M HCl? * 25 ml 13 ml 50ml 125 ml
Need help don’t understand
Need help don’t understand
The Jewish ten Commandments answer which of the following questions
In the Chairman's White Paper on "America's Military - A Profession of Arms," this aspect of the Armed Forces is identified as the foundation of our profession.