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
juin [17]
3 years ago
14

Cory borrows $1,200 from the bank for riding lawn mower. The interest rate Is 8% per year. How much simple interest will he pay

is he takes 2 years to repay the loan?
Mathematics
2 answers:
rjkz [21]3 years ago
5 0

Answer:

$1,392

Step-by-step explanation:

1,200(0.08)(2) = 192

1,200 + 192 = $1,392

natali 33 [55]3 years ago
4 0

Cory will pay \$192 as simple interest in 2 years.

<u>Solution:</u>  

Given, the amount (P) Cory borrows is \$1200

The rate of interest R = 8\%

Time to repay (T) = 2 years

\bold{Simple \ Interest = \frac{principle \ amount\times time\times rate \ of \ interest}{100}}

On substituting the values in the formula we get,

\rightarrow \frac{(1200\times2\times8)}{100}

\rightarrow \frac{19200}{100} = 192

Therefore, the simple interest is \$192

You might be interested in
What is the value of x in the equation 4x + 8y =40 when y =0.8
Neko [114]
Y = 0.8

4x + 8y = 40

4x + 8*(0.8) = 40

4x + 6.4 = 40

4x = 40 - 6.4

4x = 33.6

x = 8.4
7 0
4 years ago
Divide<br>a) (4a-4b)÷(a-b)​
SashulF [63]

Answer:

4a+4b

Step-by-step explanation:

8 0
3 years ago
Read 2 more answers
Someone please help!
Vlad1618 [11]
Multiply the top equation by 6 and the bottom equation by 7. You will cancel x first by doing this and solve for y. You should get y=-1.
Substitute in y for either original equation.
You should get x=1.
Solution is (1,-1).
7 0
3 years ago
If tim spends 1/3 each weekday sleeping and about 7/24 each weekday in school what fraction of a weekday does Tim spend either s
Ganezh [65]
Tim spends 1/3 each weekday sleeping and 7/24 in school. We can write 1/3 as 8/24 so we have a common denominator. Now we can see that Tim sleeps for 1/24 time of a weekday more then he spends in school.

I hope that's what you meant.
3 0
4 years ago
-4x - 10x<br> Combine Like Terms
kondaur [170]

Answer:

-14x

Step-by-step explanation:

-4x+-10x =-14x

5 0
4 years ago
Read 2 more answers
Other questions:
  • What is 3/5 15 value
    6·1 answer
  • Evaluate when a= 4 and b = 50. <br>b-6a​
    9·2 answers
  • would you expect the probability for the simple event "rolling a 6" to be greater than or less than the probability of the compo
    15·1 answer
  • Tariq has a collection of 32 quarters that he wants to send to his cousin. What is the total weight of the quarters in kilograms
    9·1 answer
  • What is the remainder of the following division problem
    15·2 answers
  • The ratio of girls to boys in the sixth grade is 2:5. If there are a TOTAL of 280 students in the sixth grade, how many of the s
    13·1 answer
  • Someone pls just comment something​
    12·2 answers
  • Let A(1,13) and B (6,11) be two points. Find the slop of the line which passes through M(5,8) and is perpendicular to the line A
    12·1 answer
  • Pl. z help me I need help..
    5·1 answer
  • The table displays the scores of students on a recent exam. Find the mean of the
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!