3 years ago

What is the total interest on a ten-year. 6.1% loan with a principal of $32,000?

1 answer:

6 0

We are given with:
Principal, P = $32000
Interest rate, i= 6.1%
Duration of loan, n= 10 years

To solve for the total interest, I, we use the formula:
I = P(1+i)^n - P
Substituting the given values:
I = 32000(1+.061)^10 - 32000
I = $25,850.06

You might be interested in

Find the missing value in the percent statement using a proportion. ______ is 75% of 4.

zavuch27 [327]

Answer: 3

Step-by-step explanation: Hope I helped

3 0

3 years ago

7/2 + x/2 = -5x + 5/3 solve for x

Novosadov [1.4K]

Answer:

give a heart and 5 stars

Step-by-step explanation:

7 0

2 years ago

Help me with the last part at the bottom please it says x =

lukranit [14]

Answer:

Step-by-step explanation:

x = 0.8 + 0.2y

7 0

3 years ago

Alex wants to put a fence around a square garden. The garden has an area of 784 ft2.

Irina18 [472]

P = 4s
P = 4(28)
P = 112 ft

The perimeter of the garden is 112 feet.

7 0

3 years ago

Read 2 more answers

For the trapezoid ABCD E and F are the midpoints of

lawyer [7]

Answer:

$EF=\frac{b+d}{2}\ units$

Step-by-step explanation:

we know that

The Trapezoid Mid-segment Theorem. states that the length of the mid-segment is equal to the sum of the base lengths divided by two.

$EF=\frac{BC+AD}{2}$

we have

$BC=b\ units\\AD=d\ units$

substitute the given values

$EF=\frac{b+d}{2}\ units$

6 0

3 years ago