khaleekthomas khaleekthomas

26-10-2017
Mathematics

contestada

James borrows $300 at an interest rate of 8% and takes 5 years to pay it off.
How much does he pay?
Question 2 options:

$420

$120

$240

$600

Respuesta :

tejanoajet tejanoajet

01-11-2017

I = PRT
Interest = ?
Principal = $300
Rate = .08
T = 5 years

300(.08)(5) = $120
Interest = $120

So, he pays $300 + $120 in interest = $420

Answer Link

Otras preguntas

A plaintiff filed an action against a defendant in federal district court, seeking compensatory damages for negligence after a car accident. The defendant has a

Define transfer function and find the transfer function of a closed loop control system?

For a certain candy, 20% of the pieces are yellow, 15% are red, 20% are blue, 20% are green, and the rest are brown. a) If you pick a piece at random

Can someone help me find out this one??

The following sentences have errors in capitalization and comma usage,semicolon and colon usage, and quotation marks usage.Make corrections to the sentences so

Visible light can be separated into the colors of the rainbow. What instrument is used to produce a spectrum?

The container that holds the water for the football team is 3/10 full. After pouring in 7 gallons of water, it is 4/5 full. How many gallons can the container h

Read the paragraph in order to answer the question. When he went to his first day of riding instruction, Jody told the instructor he had never ridden a horse be

The smallest crystal lattice defects is a) cracks b) point defects c) planar defects d) dislocations.

Methyl orange is a. Pink in acidic medium, yellow in basic medium b. Yellow in acidic medium, pink in basic medium c. Colorless in acidic medium, pink in basic