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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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Hello! I can help you! First things first, because they are both the same angles on opposite sides, let's set this up in the form of an equation and solve for "x". It would be set up like this:

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The LCM of two numbers is 48. The number one in the ratio 2:3. Then Sum of the numbers is:
Oksi-84 [34.3K]

Answer:

40

Step-by-step explanation:

Let the numbers be 2x and 3x

Then their L.C.M. = 6x

BUT also their LCM=48

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