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
erastovalidia [21]
1 year ago
11

a student borrows $3000 at 15% for 6 months to pay tuition. find the total amount due using simple interest. total amount due af

ter 6 months is: $________
Mathematics
1 answer:
wolverine [178]1 year ago
6 0

The total amount due after a given period of time is given by the following formula:

A=P(1+rt)

This is for simple interest. <em>A</em> is the total amount due. <em>t</em> is the period of time, <em>r</em> is the interest rate and <em>P</em> is the initial amount borrowed.

To use the formula, <em>t</em> and <em>r</em> must have the same unit of time (both in years or both in months for example). We have the yearly rate as 15%, or well, 0.15. The period is 6 months, which will be half a year, or well, 0.5 years. With this information, we can now replace the values on the formula:

\begin{gathered} A=3000\cdot(1+0.15\cdot0.5) \\ A=3225 \end{gathered}

With this, the total amount due will be $3225.

Alternatively, we can first calculate the interest due with the following formula:

I=P\cdot r\cdot t

And add this amount to the initial amount of money borrowed to estimate the total amount due.

\begin{gathered} I=3000\cdot0.15\cdot0.5 \\ I=225 \end{gathered}

After six months, the student has to pay the $3000 borrowed, plus $225 of interest:

\begin{gathered} A=3000+225 \\ A=3225 \end{gathered}

Answer. Total amount due after 6 months: $3225.

You might be interested in
James had $ 6500 in a bank account that paid 4% interest at the end of each year. How much money did Mr. James have in his accou
Kazeer [188]
He would have $6,760 in his account after year one.
Do 6,500*0.04=260
6,500+260=6,760
8 0
2 years ago
Read 2 more answers
What is the answer for -0.04 times -0.1?
Orlov [11]
<span><span>The answer is 0.004. You are aware you could have just used a calculator or used google (Since you're posting on here you have access to the internet)</span><span>
</span></span>
5 0
2 years ago
Read 2 more answers
An arithmetic sequence is given below.
Mashcka [7]
Given that a_1=24 and a_2=17, if a_n is an arithmetic sequence, then the common difference between successive terms is d=a_2-a_1=17-24=-7.

You then have

a_2=a_1+d
\implies a_3=a_2+d=a_1+2d
\implies a_4=a_3+d=a_1+3d
\implies \cdots\implies a_n=a_{n-1}+d=\cdots=a_1+(n-1)d

So the explicit formula for the nth term is

a_n=24-7(n-1)
3 0
3 years ago
What is the surface area of the prism?
kow [346]
The\ surface\ area:A_s=2B+(S_1+S_2+S_3)\cdot H\\B=\frac{12\cdot5}{2}=\frac{60}{2}=\boxed{30\ (yd^2)}\\\\S_1=5yd;\ S_2=12yd;\ S_3=13yd;\ h=8yd\\\\therefore\\\\A_s=2\cdot30+(5+12+13)\cdot8=60+30\cdot8=60+240=\boxed{300\ (yd^2)}Volume\ of\ the\ prism:V=B\cdot H\\\\B\ (base)\ it's\ a\ right\ triangle:B=\frac{12\cdot5}{2}=\frac{60}{2}=\boxed{30\ (yd^2)}\\\\H=8yd\\\\therefore\\\\V=30\cdot8=\boxed{240\ (yd^2)}\leftarrow\boxed{C}
8 0
3 years ago
Read 2 more answers
Estimate the quotient629/8
Solnce55 [7]

Answer:

78.625

Step-by-step explanation:

3 0
3 years ago
Other questions:
  • Solve the equation for r C=(r+k)m
    7·1 answer
  • Please hurry. showw all work
    13·1 answer
  • -1/2(-3y+10) i need help combining like terms to create a equivelent expression
    10·1 answer
  • PLEASE HELP
    7·1 answer
  • ILL MARK YOU AS BRAINLIEST, RATE YOU A 5, AND THANK YOU! 70 POINTS!
    7·2 answers
  • Line A passes through the points (1,2) and (3,6). what is the slope of a line parallel to line A.
    10·2 answers
  • I dont understand this
    10·2 answers
  • Maximizing revenue. Edwards University wants to determine what price to charge for tickets to football games. At a price of 518
    6·1 answer
  • Parallelogram L M N O is shown. Angle N is (5 x) degrees and angle L is (3 x + 40) degrees. In parallelogram LMNO, what is the m
    5·2 answers
  • Help what do I do do i just write y-3x+5 or solve it ​
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!