racing2787 racing2787

23-12-2020
Mathematics

contestada

Frankie borrowed 800 for 6 years. He is charged 5% simple interest. How much interest will he pay in 6 years

Respuesta :

JeanaShupp JeanaShupp

24-12-2020

Answer: The required simple interest = $240

Step-by-step explanation:

Formula for simple interest:

Interest = Principal x rate x time

Given: Principal = $800

rate of interest = 5% = 0.05

Time = 6 years

Interest = 800 x 0.05 x 6 = $240

Hence, the required simple interest = $240

Answer Link

Otras preguntas

The equation of a circle is x2 + y2 + Cx + Dy + E = 0. If the radius of the circle is decreased without changing the coordinates of the center point, how are th

Please help. Thank you :) How is the meaning of the word bawl different than that of the word cry? A: Bawling is a more timid form of crying. B: Bawling is a mu

choose the correct simplification of the expression (x^2y)^2

3 ways iq has been used in inappropriate ways??

If you feel pain during weight training, what should you do?Move more quicklyMove more slowlyIncrease weightStop altogether

ASAP! IL-1B is a protein released by cells under conditions of infection. Excessive release of IL-1B can be very damaging and can lead to sever disease. In a

-5x < 45 what is this

What group did the Reconstruction Amendments aim to assist? A.) southern landowners B.) slaves and former slaves C.) women D.) children in segregated schools th

Solve for d 6d -11/2 = 2d -13/2. Please answer quickly

Which of the following is a concern that two or more characters in string most clearly have in common