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ANEK [815]
3 years ago
13

Come hither big brains

Mathematics
1 answer:
katrin2010 [14]3 years ago
7 0

Answer:

The answer is c

Step-by-step explanation:

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Alice borrowed 16700 from the bank at a simple interest rate of 9% to purchase a used car.At the end of the loan,she had paid a
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Answer:

Step-by-step explanation:

Alice borrowed 16700 from the bank at a simple interest rate of 9% to purchase a used car. It means that the interest is not compounded. Simple interest is usually expressed per annum. The formula for simple is

I = PRT/100

Where

I = interest

P = principal(amount borrowed from the bank)

R = 9% ( rate at which the interest is charged

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At the end of the loan,she had paid a total of 24215. This means that the interest + the principal = 24215

Therefore,

The interest = 24215 - 16700 = 7515

Therefore

7517 = (16700 × 9 × t)/100

751700 = 150300t

T = 751700/150300

T = 5 years

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Answer:

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Step-by-step explanation:

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