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lina2011 [118]
2 years ago
14

Stephen borrows $10,000 from his uncle at a simple interest rate of 2%. He repays the loan in full after 3 years. How much money

did Stephen pay his uncle back in total?
Mathematics
1 answer:
ohaa [14]2 years ago
7 0

The total amount of money that Stephen would pay his uncle is equal to $10,600.

<h3>How to calculate simple interest.</h3>

Mathematically, simple interest is calculated by using this formula:

I = PRT

<u>Where:</u>

  • I is the simple interest.
  • P is the principal.
  • R is the interest rate.
  • T is the time measured in years.

<u>Given the following data:</u>

Interest rate = 2% = 0.02.

Principal = $10,000.

Time = 3 years.

Substituting the given parameters into the formula, we have;

I = 10000 × 0.02 × 3

I = $600.

Amount of balance;

A = I + P

A = 600 + 10,000

A = $10,600.

Read more on simple interest here: brainly.com/question/24341207

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Find KL and show work
MissTica

Answer:

<u>Secant</u>: a straight line that intersects a circle at two points.

<u>Intersecting Secants Theorem</u>

If two secant segments are drawn to the circle from one exterior point, the product of the measures of one secant segment and its external part is equal to the product of the measures of the other secant segment and its external part.

From inspection of the given diagram:

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