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
BARSIC [14]
3 years ago
8

Nick borrows $2,700 from the bank at 7% simple interest for 2 years. How much will he owe the bank after 2 years

Mathematics
1 answer:
inessss [21]3 years ago
7 0

Answer:

$3,078.00

Step-by-step explanation:

A = $3,078.00

(I = A - P = $378.00)

Equation:

A = P(1 + rt)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 7%/100 = 0.07 per year.

Solving our equation:

A = 2700(1 + (0.07 × 2)) = 3078  

A = $3,078.00

The total amount accrued, principal plus interest, from simple interest on a principal of $2,700.00 at a rate of 7% per year for 2 years is $3,078.00.



You might be interested in
Perform the indicated operation.<br> 1 1/6 + 7 3/6 =<br><br> I HAVE 5 MINUTES!!!
gizmo_the_mogwai [7]

Answer:

1 1/6 - 7 3/6 = -19/

3

= -6 1/

3

≅ -6.3333333

Step-by-step explanation:

Conversion a mixed number 1 1/

6

to a improper fraction: 1 1/6 = 1 1/

6

= 1 · 6 + 1/

6

= 6 + 1/

6

= 7/

6

To find new numerator:

a) Multiply the whole number 1 by the denominator 6. Whole number 1 equally 1 * 6/

6

= 6/

6

b) Add the answer from previous step 6 to the numerator 1. New numerator is 6 + 1 = 7

c) Write a previous answer (new numerator 7) over the denominator 6.

One and one sixth is seven sixths

Conversion a mixed number 7 3/

6

to a improper fraction: 7 3/6 = 7 3/

6

= 7 · 6 + 3/

6

= 42 + 3/

6

= 45/

6

To find new numerator:

a) Multiply the whole number 7 by the denominator 6. Whole number 7 equally 7 * 6/

6

= 42/

6

b) Add the answer from previous step 42 to the numerator 3. New numerator is 42 + 3 = 45

c) Write a previous answer (new numerator 45) over the denominator 6.

Seven and three sixths is forty-five sixths

Subtract: 7/

6

- 45/

6

= 7 - 45/

6

= -38/

6

= 2 · -19/

2 · 3

= -19/

3

For adding, subtracting, and comparing fractions, it is suitable to adjust both fractions to a common (equal, identical) denominator. The common denominator you can calculate as the least common multiple of both denominators - LCM(6, 6) = 6. In practice, it is enough to find the common denominator (not necessarily the lowest) by multiplying the denominators: 6 × 6 = 36. In the next intermediate step, the fraction result cannot be further simplified by canceling.

In words - seven sixths minus forty-five sixths = minus nineteen thirds.

4 0
3 years ago
What is the opposite of 12?<br> NEED HELP FAST
Liono4ka [1.6K]

Answer:

-12

Step-by-step explanation:

4 0
3 years ago
Read 2 more answers
A piece of metal has density of 11.3g/cm
djverab [1.8K]
The mass should be 75.71 grams
To find density is D = M / V
So you would have to multiply the volume by the density
5 0
3 years ago
5+x+(−2)=−85+x+(−2)=−8<br><br><br> x=?
sashaice [31]
5+x+(-2)=-85+x+(-2)=-8\\&#10;x-3=x-87=-8
x has no solution.
5 0
2 years ago
Which situations can be presented by an exponential function?
Evgesh-ka [11]

Answer:

It’s C and D I just finished the text and finished with 100% thanks to the person in the comments in the question below

Step-by-step explanation:

3 0
3 years ago
Read 2 more answers
Other questions:
  • If the perimeter of the rectangle to the right is 96 ​inches, find the value of x
    8·1 answer
  • HELP ME IN 5 MINUTES FOR BRAINLY!!!!
    11·1 answer
  • Identify the x-intercept and y-intercept of the line 4x−2y=0
    8·1 answer
  • Hey you guys so I have a bunch of school work that I need help with and that needs to be done tonight.who can help me get the ri
    14·1 answer
  • What is the combined length of all the pieces Meg measured? Write an equation using a variable to show your work.
    5·1 answer
  • An oak tree is 1.5×103 centimeters tall. Which unit of measurement is most appropriate to measure this height? kilometers feet i
    7·1 answer
  • Prove that sin(Π÷14)sin(3Π÷14)sin(5Π÷14)=2​
    13·1 answer
  • 30 pts with brainliest!
    8·1 answer
  • Find the value of 5x and 3x+60
    14·1 answer
  • The value of x, rounded to the nearest tenth is...
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!