juleane2001 juleane2001
  • 25-01-2019
  • Mathematics
contestada

Alicia borrowed 15000 to buy a car. She borrowed the money at 8% for 6 years. What is the interest she will pay for the loan

Respuesta :

Bananas4bananas Bananas4bananas
  • 25-01-2019
The answer is $7,200

Why? So you have to use I=prt (Intrest=principle*rate*time) and were trying to find the interest so it stays as 'I' but we have the other numbers so it'd be I=15,000*.08*6 (8% is .08 because the rate must be in decimal or fraction form). Solve it and your answer should be I= 7,200.
Answer Link

Otras preguntas

Which of the following statements best describes how urban commuting changed in the late 1800s? Subways and automobiles replaced horse-drawn trolleys. Horse-dra
enzyme activity within metabolic pathways is regulated
what effects did enlightenment philosophers have on government and society?
How is written prose more complex than casual speech?
how long will it take a seal swimming at a speed of 8 miles per hour to travel 52 miles
how long should a statement of the main idea be
Which one of the following items would you be most likely to keep in a database? A. Financial statements B. Sales reports C. Payroll records D. Addres
Which are the following assort independently ?
a roadside vegetable stand sells pumpkins for $5 each and squashes for $3 each. One day they sold 6 more squash than pumpkins and their sales totaled $98. Write
What is the slope ratio for 75°?