ninja135 ninja135

22-04-2014
Mathematics

Answered

how much interest will be paid in 2 years for a loan of $1500 at 8.25% simple interest ?

Verified Answer :

Anonymous Anonymous

03-05-2014

\(8.25\%=0.0825\\\\0.0825\cdot\$1500=\$123.75-after\ the\ one\ year\\\\\$1500+123.75\$=\$1623.75\\\\0.0825\cdot\$1623.75=\$133.96-after\ the\ second\ year\\\\\$123.75+\$133.96=\$257.71-answer\)

Answer Link

Related Questions

What is the lcm of two numbers if one number is a multiple of the other give example

the presidential election of 1982 pitted Al Smith of New York against who

MsSweet bought 14 gourmet cupcakes for the math teachers at her school If the total cost was 3920 what was the unit cost of a cupcake

Which of these phrases best describes a uniting principle of the Progressive Era

Describe 3 possible ways in which a hypothesis may arise

Who were the Britons fighting against in the middle ages

What kind of relationship would a caterpillar and a tree have

chris has 63 to spend on the order including textthe text at the restaurant is 5 what is the maximum cost of food the group can order and not go ove 63explain

ZERO polynominal function of fx x3 4x2 9x 36

A cereal box has a height of 32 centimeters It has a base with an area of 160 centimeters What is the volume in cubic centimeters of the cereal box