radomes.openskiesproject.org
alechelsenbl
alechelsenbl alechelsenbl
  • 26-06-2016
  • Mathematics
Answered

bobby borrowed $500 at 12 percent simple annual interest. he paid back $680 to pay off the loan. how many years did it take bobby to pay back the loan?

Verified Answer :

Hussain514 Hussain514
  • 26-06-2016

I= PRT
680-500 = 500 x 0.12 x T      (Interest= Future value - Pricipal)
180 = 60T
T=180/60
T=3 years

Answer Link
jolisasschoolstuff jolisasschoolstuff
  • 27-09-2019

Answer:

3 years

Step-by-step explanation:

because 12% of 500 is 60 then 60 times 3 plus 50o = 680

Answer Link

Related Questions

What are the answers to 2 and 3 Woud really appreciate the help
Why did Premier Khrushchev decide to put ICBMs in Cuba
what is 15004 in word form
Which constants can be multiplied by the equations so one variable will be eliminated when the systems are added together 5x 13y 232 12x 7y 218 The first equati
You are working with a large client team composed of the business owner project manager marketing director and content manager Who will typically be your first
in what ways can a foreign person enter the United States
The circumference of a circle is 65π In terms of pi what is the area of the circle A 600 π B 9365 π C 95025 π D 105625 π
explain the significance of baseball in Cuba
By adding white to a color to make it lighter a new of the original color can be created a tint c depth b tone d shade
what argument can I have for this question should people choose an occupation based on their personal interest