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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.



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Answer:

A possible solution is 60/2 = 30

Step-by-step explanation:

The given parameters are;

The dividend is a factor of 60

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The quotient is a multiple of 3

The dividend is the amount divided

The dividend is the number that is dividing the dividend

The quotient is the result of the division operation

The given numbers to use are 60, 2, 30, and 18

Therefore one possible solution is 60/2 = 30

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The divisor = 2 which is a factor of 18 (2 × 9 = 18)

The quotient = 30 which is a multiple of 3 (3 × 10 = 30)

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Answer below

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