noobmaster6951
noobmaster6951 noobmaster6951
  • 23-01-2020
  • Mathematics
contestada

Jim gets a simple interest loan for $1500 for 2 years and has 7.5% interest. How much does he pay in total for his loan including interest?

Respuesta :

ZaneRussum
ZaneRussum ZaneRussum
  • 24-01-2020

Answer:

$17225

Step-by-step explanation:

convert percent values to decimals

7.5/100=.075

plug into equations where x=total interest and y is total loan pay

1500*.075*2=x

1500+x=y

solve equation 1

1500*.075*2=x

225=x

solve equation 2 now that we know total interest

1500+225=y

17225

(i would appreciate a thanks and rating my boy)

Answer Link

Otras preguntas

T̥ͦr̥ͦe̥ͦe̥ͦs̥ͦ ḁͦn̥ͦd̥ͦ f̥ͦo̥ͦr̥ͦe̥ͦs̥ͦt̥ͦ
i need help plz !!!!!!
Which statement best summarizes the accomplishments of George Washington during the American Revolution? A. He was a strong military strategist and general. B
Which parent function is represented by the table x=-2,-1,0,1,2 y=-2,-1,0,1,2
Find all numbers that are not in the domain of the function
Use your data, the equation to the right, and the specific heat of water (4.184 J/g C) to compute the specific heat values of each metal. Use a calculator and r
The following sequence is an arithmetic sequence. You are not shown very many terms of this sequence, but you are shown enough to fill in the missing number. Wh
3 1/2 over 4 1/4 is equal to ? over 5 1/5
i need help !!!!!! now
49 divided by 120 times 49 pi