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I am Lyosha [343]
3 years ago
8

jack borrowed a sum of 12000$ from a fiancing company for3 years at 15% per anum. what is the total instrest he paid in 3 years?

Mathematics
2 answers:
valina [46]3 years ago
8 0
Recall the formula for growth of a sum of money :

A = P (1 + r)^t

where

A = Value after t time periods
P = Principle (Starting value)
r = rate per time period t
t = number of time periods

For this problem,

P = 12000
r = .15
t = 3

First, we must solve for A. Then we will take A-P to determine the interest paid.

A = P ( 1 + r)^t
A = 12000 (1 + .15)^3
A = 12000 (1.15)^3
A = $18,250.50

Thus, the amount after 3 years is $18,250.50. Since the initial amount borrowed was $12,000, Jack has accrued 

A - P = 18250.50 - 12000 = $6250.50

in interest. 
horrorfan [7]3 years ago
3 0
Formula= cost price x rate of interest x time (years) and then divide by 100
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3 years ago
The buying rate and selling rate of a Australian dollar in a bank are rs 80.20and rs 81.40respectively how much Australian dolla
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5000 Australian Dollars

Step-by-step explanation:

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Now we define the available variables.

Total Revenue = 81.40

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4 0
3 years ago
From a board 8 feet in length, emmet cut two 2 1/3 foot bookshelves. how much of the board remained?
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8 0
3 years ago
A rectangle is four times as long as it is wide. If its length were diminished by 6 meters and its width were increased by 6 met
valkas [14]

Answer:

Length equals 16 and Width equals 4

Step-by-step explanation:

First let us create an equation. We can use L and W for length and width.

If the length is 4 times the width, then we end up with: L = 4W

It then says, " If its length were diminished by 6 meters and its width were increased by 6 meters, it would be a square."

Since a square has an equal length and width then we end up with:

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Knowing this we can just substitute the first equation into the second one leaving us with: 4W - 6 = W + 6

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This leaves us with 3W = 12

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7 0
2 years ago
Sonia is hanging up decorations in the ratio of 3red: 2green: 4white . If she hangs up 135 decorations in total , how many of ea
klasskru [66]

Answer:

She hung 45reds, 30greens and 60whites

Step-by-step explanation:

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8 0
3 years ago
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