Amp2004 Amp2004

22-08-2017
Mathematics

contestada

How much will it cost to borrow $2,500 for a year at a simple interest rate at 14% please explain

Respuesta :

Аноним Аноним

22-08-2017

Principle (P) = $ 2,500

Rate (R) = 14%

Time (T) = 1 year

Simple Interest (SI) = [tex] \frac{PRT}{100} [/tex]

SI = [tex] \frac{2500 * 14 * 1}{100} = \frac{25 *14}{1} = 350[/tex]

Hence, the answer is $350.

Answer Link

Otras preguntas

Write the Essay You have researched and analyzed the U.S. Constitution and your state constitution. You have organized all of the information and created an o

In a neighborhood in Omaha, NE, 10 houses are for sale and 46 are not for sale. Write a fraction representing the portion of the houses that are for sale. Then

viruses differ from bacterial cells in that all viruses

I would like to have equal fish tanks for my fish. I have 12 angel fish and 24 sword fish and 30 guppies .How many tanks will I have to make all the fish equal

In 1902,the yearly attendance at a major league baseball park was 3.14 • 10^5 people. One hundred years later,the yearly attendance was 1.7 • 10^6 fans. How man

Los Pasos de la negociación

Water learned in science class that different substances release heat at different rates. He decides to test this. At home, Walter turns the oven to 200°F. He p

Helpppp pleaseeee????

Summarise Great Expectations in 5 words

what is the purpose of STABEX fund under lome convention?