ChaseA543996 ChaseA543996
  • 03-11-2022
  • Mathematics
contestada

Karl borrowed $5,700 from the bank for a year at 9% simple interest. What was the amount he paid back to the bank?

Respuesta :

SianaK241975 SianaK241975
  • 03-11-2022

Simple interest = PRT /100

where P is the principal

R is the rate

T is the time in year

From the question

P=$5700 R=9 T=1

substitute the values into the formula;

S.I = 5700 x 9 x 1 /100

=$513

Amount pay back = $5700 + $513 = $6,213

Answer Link

Otras preguntas

Why do many different types of proteins exist even though there are a limited number of amino acids
2(n-3)=4n+1 ugh why does math have to be so confusing??
The position of a place north or south of the equator is measured in ?
the formula for the surface area of a pyramid is: SA=1/2LP+B . which equation solves formula for p
someone help me with this ..
4 times what number equals 204
Help me solve this And please explain
The planet Mercury measures 4,879 kilometers from one side to the other. Earth measures 12,756 kilometers from one side to the other. What is the difference b
Identify 1 similarity and 1 difference between folding and warping.
Where does friction occur? Can it happen in liquids, air, with solids?