Ask question

Ask question

All categories

4 years ago

12

Frank borrowed $5,000 with an annual simple interest rate. The amount of interest he owed after 6 months was $300. What is the i

nterest rate of the loan?
A. 1%
B. 6%
C. 10%
D. 12%

2 answers:

cestrela7 [59]4 years ago

7 0

Answer:

D. 12%

Explanation:

300 / 5,000 =0.06 x 100 =6% Interest rate for the 6-month period.

6% x 2 =12% nominal annual interest rate - ccompounded semi-annually.

Taya2010 [7]4 years ago

7 0

The answer is D: 12% :D

You might be interested in

The _______ is the number of times a behavior occurs.a.durationb.intensityc.frequencyd.rapidity

sasho [114]

Answer: C. frequency.

Explanation: Because the frequency is divided by the time during which it occurred. The term “frequency” in applied behavior analysis and behavior measurement generally refers to cycles per unit time or a count (usually of behavior) divided by the time during which it occurred.

7 0

2 years ago

A cylinder-shaped log 78 in. long measures 37.68 in. around. what is the volume of the log? enter your answer as a decimal in th

k0ka [10]

Answer:

8817.12

Explanation: took the test

3 0

3 years ago

A motorcycle running on gasoline wastes a large amount of energy mainly as.

aev [14]

Answer: A motorcycle running on gasoline wastes a large amount of energy mainly as a) heat energy and sound energy. b) light Amotorcycle running on gasoline wastes a large amount of energy mainly as a) heat energy and sound energy. b) light energy and kinetic energy.

Explanation:

3 0

3 years ago

Hebrews begins by asserting that jesus is greater than.

Andrews [41]

I have it for me please than how Jesus

5 0

3 years ago

End CA Career THE US

kirill [66]

Answer:

Explanation:

I cannot read the language. Please translate it and I can help you solving it.

6 0

3 years ago