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.
You might be interested in
Answer:
<h2>The area of the triangle ABC is 32 square inches.</h2>Step-by-step explanation:
We know that the given triangle is a right-isosceles triangle, which means its leg are equal.
The area of a triangle is defined as
Where and
. Replacing values, we have
Therefore, the area of the triangle ABC is 32 square inches.
