radomes.openskiesproject.org
kasidymohwinkle kasidymohwinkle
  • 23-02-2017
  • Mathematics
Answered

Find the amount paid for the loan.


$2000 at 12% for 3 years

Verified Answer :

Anonymous Anonymous
  • 23-02-2017

They paid $720

Here's why:
The formula to this is Interest = Principal x Rate x Time or i = prt
Principal = $2000
Rate = 12%
Time = 3 years
2000 x .12 x 3 = i PEMDAS
2000 x .12 = 240
240 x 3 = 720
i = $720

Answer Link

Related Questions

According to Aristotle ethos refers to
Given the triangle below what is m 2B rounded to the nearest tenth B A 603 B 576 C 554 D 621 A 10 36 C 14 Triangle not drawn to scale
How do I decompose the fractions 45 and 47
are all real numbers rational
Due to human demand because of its importance to life the Earths most precious resource is A soil B oil C saltwater D freshwater
What is 3 25 minus 1 45
What did the 18th Amendment prohibit when it was ratified in 1919 increasing federal taxes slavery alcohol voting for noncitizens
Stan won 150 packs of gumin a contest His brother gave him 15 packs of gum How is the 1 in 150 different from the 1 in 15
Did anyone take the Linear Functions Unit Test for CCA grade 10 I could really use the help
what elements of storytelling has remained true over the years