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

what is meant by wind pattern
What was the result of President Truman's Federal Employee Loyalty Program?
who wrote the constitution?
What is the purpose of the following sentence? I think it would be best to study the problem carefully. A. It raises a questions. B. It gives a command. C. It m
The vowel sounds that are most different in Middle English from their sound in Modern English are _____ and _____. short/long short /diphthongs schwa/long long
what is the percent as a fraction in lowest terms
What is an anvil? What dose Von Bulow Mean When he say Germany will be "a hammer or an anvil"?
18 is 0.4 of what because i dont know
729 = __ to the 3rd power
Aquatic ecosystems are governed by factors such as amount of oxygen, amount of light, and water movement. true or false