The office manager of First Tech Support borrowed $25,000 to purchase new computers for employees. The bank charges 6 percent in
2 answers:
Answer:
d. $6,000
Step-by-step explanation:
We have been given that the office manager of First Tech Support borrowed $25,000 to purchase new computers for employees. The bank charges 6 percent interest for 4 years.
We will use simple interest formula to solve our given problem.
, where,
I - Amount of interest,
P = Principal amount,
r = Interest rate in decimal form,
t = Time in years.
First of all, we will convert our given interest rate in decimal form.
Upon substituting our given values in simple interest formula, we will get
Therefore, the company will pay an amount of $6,000 in interest and option 'd' is the correct choice.
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To learn more about rational function from the given link:
<u>brainly.com/question/19044037</u>
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