In order to start a business, a student takes out a simple interest loan for $7000.00 for 6 months at a rate of 8.00 %

Question

02-10-2017
Mathematics

contestada

In order to start a business, a student takes out a simple interest loan for $7000.00 for 6 months at a rate of 8.00 %

Respuesta :

Otras preguntas

Which of the following is not a result of heavy use of irrigation water? A. Leaching of nutrients B. Increase in salt concentration of the soil C. Increase in s

What differentiates baseline activities from health-enhancing activities?

a creek runs along a distance of 16,300 feet.About how many miles long is the creek

-2x-y=-9 5x-2y=18 substitution

for f(x)=x+3 and g(x)=4x+5 find the following functions(simplify answers) (f*g)(x)= (g*f)(x)= (f*g)(-1)=

Emma uses a 250-meter roll of crepe paper to make steamers. How many dekameters of crepe paper does Emma use?

Marcus is doing a science experiment in which he measures the rate at which bacteria multiply. Every 15 seconds, the bacteria double in number. If there are 10

Sarah has going to work for 60 days. On 39 of those days she arrived at work before 8:30 AM. On the rest of the day she arrived after 8:30 AM. What is experimen

Why don't scientists use common names to identify organisms?

Aliwohaish12 Aliwohaish12 · Answer 1 · 2017-10-02T20:10:52+02:00

Aliwohaish12 Aliwohaish12

02-10-2017

To find The interest owed the formula is
I=prt
I interest owed?
P principle 7000
R interest rate 0.08
T time 6/12
I=7,000×0.08×(6÷12)
I=280

To find the balance at the end of 6 months the formula
A=p+I
A=7,000+280
A=7,280

Hope it helps!

Answer Link