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pychu [463]
3 years ago
13

Meredith borrows $12,560 and pays 2% simple interest each year for 4 years. What is the total amount of interest that she will p

ay on the loan?
Mathematics
2 answers:
ki77a [65]3 years ago
7 0
<span>Meredith borrowed $12,560 with simple interest of 2% each year, now, it took her 4 years to pay this amount. Let's solve for the total amount she paid including the interest.
=> 12 560 * .02 = </span>251.2 per year
=> 251.2 * 4 = 1004.8 dollars for 4 years.
=> 1004.8 + 12 560 = 13 564.8 dollars.
Arturiano [62]3 years ago
7 0

Answer:

total interest is $1,004.80

Step-by-step explanation:

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The amount of chlorine in a swimming pool varies directly with the volume of water. the pool has 2.5 milligrams of chlorine per
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Answer:

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To prove

As given

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3 0
2 years ago
Read 2 more answers
There are seven roads that lead to the top of a hill. How many different ways are there to reach the top and come back ( you don
Setler [38]

Answer:

49 different ways

Step-by-step explanation:

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Then, to come back to the start, you also have seven possible choices (seven roads), and you can pick any road.

So, if you have seven ways to go up and seven ways to go down, the number of different ways of going to the top and coming back is the product of these numbers of possible choices.

N(total) = N(up) * N(down)

N(total) = 7 * 7

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3 years ago
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