Answer: The interest that she will pay for the loan is $7,200.
Step-by-step explanation:
Hi, to solve this problem we have to apply the simple interest formula:
A= P (1+rt)
Where:
A = amount
P= principal= $15000
r= interest rate = 8% =0.08( decimal form)
t = time =6 years
So, with the information given:
A= $15,000 (1 + 0.08x6)
A= 15,000 x 1.48
A = 22,200
Finally we subtract the principla to the amount, to obtain the interest paid:
The interest that she will pay for the loan is $7,200.
Answer:
2 3/6
You must turn 1 2/3 and 1 1/2 into improper fractions. You then multiply them and get an answer of 15/6, but since 6 can go into 15 twice (6x2=12+3=15), you get a whole of 2 and 3/6.
80%
It would be bigger than 1/2 inches because they are simply asking for the difference which is 5 1/2-5= 1/2.
