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Norma-Jean [14]
3 years ago
13

Ted borrowed $100 from 2 years at a 10% interest rate. How much interest will he pay on the loan? What will be the total amount

due at the end of the loan?
Mathematics
1 answer:
mr_godi [17]3 years ago
5 0

Answer:

Interest = $20

Amount due = $120

Step-by-step explanation:

This is a Simple Interest problem. Simple interest is given as:

I = (P * R * T) / 100

Where I = interest

P = principal or amount loaned

R = rate of interest

T = time elapsed

Ted borrowed $100 from 2 years at a 10% interest rate.

This means that P = $100, R = 10%, T = 2 years.

Hence, the interest will be:

I = (100 * 10 * 2) / 100

I = 2000 / 100

I = $20

The interest after two years will be $20.

Therefore, the total amount due at the end of the loan is:

A = P + I

A = 100 + 20 = $120

The amount due is $120.

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3 years ago
Not sure need help ​
kvasek [131]

Answer:

X = 3

Step-by-step explanation:

So do 7-2 which equals 5. 5 times 6 because 6 is outside of the parentheses with no symbol, so that means to multiply. That would equal 30. You want your answer to equal 6, so you would want the number inside of the parentheses to be 1, so that 1 times 6 would be 6. 2 x 3 would be sixe, and then 7-6 would equal one. 1 times 6 would be 6. So there is your answer.

4 0
3 years ago
Read 2 more answers
Increase £139 by 28%<br> Give your answer rounded to 2 DP
Elis [28]

Answer:

£177.92

Step-by-step explanation:

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So to increase £139 by 28%, we do:

£139 × 1.28 = £177.92

So this is our final answer

4 0
2 years ago
Help....me......the struggle.....is real.....
Tasya [4]
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8 0
3 years ago
Jesse is investing $2000 more in stocks than in bonds.The bonds pay 7.2% in interest and the stocks pay 6%. If the income from e
tamaranim1 [39]
X+2,000=stocks
x=bonds
7.2%⇒(.072)(x)=bonds invested
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Here is the equation:

x(.072)=(.06)(x+2,000) | Since the income from both equal

You then solve each side first (assume you know how to but if not, let me know)

You first multily the parentheses/x variables 
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⇒.072x = .06x+120

You then minus .06x from each side
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You then divide each side by .012
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Now change the original x variables with 10,000

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7 0
3 years ago
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