ninja135 ninja135
  • 22-04-2014
  • Mathematics
contestada

how much interest will be paid in 2 years for a loan of $1500 at 8.25% simple interest ?

Respuesta :

Аноним Аноним
  • 04-05-2014
[tex]8.25\%=0.0825\\\\0.0825\cdot\$1500=\$123.75-after\ the\ one\ year\\\\\$1500+123.75\$=\$1623.75\\\\0.0825\cdot\$1623.75=\$133.96-after\ the\ second\ year\\\\\$123.75+\$133.96=\$257.71-answer[/tex]
Answer Link

Otras preguntas

Physical Activity has been shown to. Question 2 options: A) Improved your mood B) reduces cancer risk C) Both A and B D) None of the above Save
What caused the Protestant reformation
16 = M - 14 what is the answer for this Question. thank you!
Which word best describes the mood created by these lines from "The Cop and the Anthem" by O. Henry? Through one violet-stained window a soft light glowed, wher
Find three consecutive odd integers such that three times the square of the first integer is twelve more than the product of the second and the third integers
A smoothie recipe calls for 1313 cup yogurt for each smoothie. How many cups of yogurt are needed to make 7 smoothies?
What is the 1735 trial of John Peter Zenger?
i have no idea on how to do this please help now!!
Explain why a person in a swimming pool seems to weigh less. What force is responsible for this?
The british novelist Charles Dickens became very successful whith his