radomes.openskiesproject.org
zxfbdcgj zxfbdcgj
  • 11-02-2015
  • Mathematics
Answered

Mai borrowed $12,000 at 5% interest for 6 years.




What was the total interest Mai paid?




$

Verified Answer :

apologiabiology
apologiabiology apologiabiology
  • 11-03-2015

so if it is simple interest then

basically you are looking for the interest paid so
5%=5/100=0.05

assuming that the interest is calculated yearly
(12000 times 0.05) times 6 because 6 years so
if you calculate that out then you get 3600
Mai paid $3600 total

Answer Link

Related Questions

which of the following is equivalent to 1 cup
How many times can 22 go into our 198
DNA encodes the information necessary to produce the proteins needed by your body While this is true for humans is it the case for other organisms A No humans a
There are two pizzas Conor ate 14 Brandon ate 28 Tyler ate 34 and Audrey ate 48 who ate the most of the two pizzas
Interpretation analysis and evaluation are types of criticism a True b False
what is the sum of the numbers 56 and 64 of their gcf and another sum written down
the food catlin and rory ordered ina restarant cost 82 tax of 9 was added then rory added a tip of 15 of a total what was the final cost
Angles U and V are supplementary angles The ratio of their measures is 713 Find the measure of each angle
Another 3rd grade question The rec center soccer field measures 35 yards by 65 yards Chris dribbles the ball around the perimeter of the field 4 times what is t
What is the mood of the poem The Hollow Men a dark and somber b moving and hopeful c violent and energetic