1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Find radius of the sphere from the following volume
nordsb [41]
Can you send a picture by chance?
3 0
2 years ago
Krakoziab. ok.
jasenka [17]
Sis what does that even mean
8 0
2 years ago
Read 2 more answers
What is 150 minutes in hours?
Softa [21]

Answer: 2.5 hours

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
PLZ HELP NEED ANSWER ASAP! A sports club rewards teams based on overall points earned in a season. The data for points are shown
uysha [10]
<span>You are given the following data and in order to answer the questions below, base your analysis in the given data.

Team Low High Range Mean Median IQR σ
Team A 22 58 36 42.1 44 18.25 10.35
Team B 38 49 11 43.9 44.5 3.5 2.97
Team C 27 36 9 31.8 32 3.75 2.55

Part A: If the club wants to award the team that has the most consistent scoring among its team members, the team that should it choose is Team B because it has only lesser points if it scored low, at 38 and it has the next to the highest score among the three team, which is 49. Also, the range of their performance is 43.9, a much better score than 42.1 in Team A and 31.8 in Team C. 

Part B: If the club wants to award the team with the highest average score, </span>Team A because it has only lesser points if it scored low, at 22 and it has the highest score among the three team, which is 58. 
4 0
2 years ago
19/100 x g/10 help please :0
Rudik [331]

19g/1000 would be the right answer when simplified.

4 0
3 years ago
Other questions:
  • 0.25 + 1 + 4 + 16 + 64 Enter the values used in finding a partial sum.
    15·2 answers
  • HURRY PLS!! Jacob and kerrie are trying to figure out how long they can live off their 84,670 savings if they spend 370 each mon
    11·2 answers
  • What s the square root of 654
    15·1 answer
  • Emma received a $40 gift card that could be used to download television programs. After she downloaded 5 programs, she had $30 r
    7·1 answer
  • 50 Points!!! Easy I’m just dumb!!!!
    11·2 answers
  • Collect like terms<br> −<br> 8<br> d<br> 2<br> −<br> 3<br> d<br> 2
    5·2 answers
  • Need help due in 10 mins
    10·1 answer
  • A rectangle measures 12cm by 4cm.<br> What is its area?
    14·1 answer
  • Show all work and use complete sentences to answer the following question.
    5·2 answers
  • If pieces A,B and C must be parallel, what be true &lt;1, &lt;2, and &lt; 3?​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!