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
Liono4ka [1.6K]
3 years ago
10

Find the total amount of money​ (maturity value) that the borrower will pay back on a loan of ​$1 comma 760 at 13 and one half %

simple interest for 10 years.
Mathematics
1 answer:
bagirrra123 [75]3 years ago
4 0

Answer:

The borrower will pay back $4,136.

Step-by-step explanation:

This is a simple interest problem.

The simple interest formula is given by:

E = P*I*t

In which E are the earnings, P is the principal(the initial amount of money), I is the interest rate(yearly, as a decimal) and t is the time.

After t years, the total amount of money is:

T = E + P.

In this question:

Loan amount of 1760, so P = 1760

Interest rate of 13 and one half, so 13.5%. This means that I = 0.135.

10 years, so t = 10

Interest on the Loan:

E = P*I*t = 1760*0.135*10 = 2376

Total amount:

T = E + P = 2376 + 1760 = 4136

The borrower will pay back $4,136.

You might be interested in
WILL GIVE BRAINLIEST PLEASE HELP
tankabanditka [31]

Answer:.9

Ggi

Step-by-step explanation:

5 0
3 years ago
HELP ASAP!!! 99 ASSIGNMENTS TO GO!!!! 25 POINTS!!!!
marin [14]
1: Ratio
2: Unit Rate
3: Scale Drawing
4: Similar Figures
5: US Customary System
6: Rate
7: Scale

I hope this helps! :)
5 0
1 year ago
Read 2 more answers
Please help <br><br> Consider the matrices.
Andrei [34K]

_ _

| - 17 |

PQ = | - 3 |

| - 37 |

|_ 49 _|

7 0
3 years ago
Please help me i need an answer
Naddik [55]
First ordered pair: (3,-7)
y=2/3x-5
-7=2/3-5
false

Ordered pair #2: (7.5,0)
y=2/3x-5
0=5-5
true

Ordered pair #3: (0,5)
y=2/3x-5
5=0-5
false

Ordered pair #4: (6,1)
y=2/3x-5
1=4-5
false

the answer to this question is the second option





4 0
3 years ago
Read 2 more answers
Triangle ABC and Triangle DEF are similar. For triangle ABC, AB = 2x , AC = 24 inches and BC = 20. For triangle DEF, EF = 5 and
Norma-Jean [14]
X=8.

Following the similarity statement, we know that AC is to DF as BC is to EF.  The ratio would be:

24/(x-2) = 20/5

Cross multiply:
24*5 = 20(x-2)

Use the distributive property:
120 = 20x - 40

Add 40 to both sides:
120+40 = 20x - 40 + 40
160 = 20x

Divide both sides by 20:
160/20 = 20x/20
8 = x
8 0
3 years ago
Other questions:
  • A jeweler has 5 rings, each weighing 12 g, made of an alloy of 20% silver and 80% gold. She decides to melt down the rings and a
    9·1 answer
  • The stopping distance d of an automobile is directly proportional to the square of its speed s.
    15·1 answer
  • What is the difference between 65699 and 14358
    7·2 answers
  • How many meters are in a hectometer
    9·2 answers
  • Please help idw to repeat
    7·2 answers
  • Which multiplication expression is equal to 1/4÷1/3​?
    5·1 answer
  • A Norman window is a window with a semi-circle on top of regular rectangular window. What should be the dimensions of the rectan
    15·1 answer
  • Can someone help please:)
    9·2 answers
  • Simplify 10^-8 .
    14·1 answer
  • Andrew was taking a math quiz. There was a question on the quiz that had the
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!