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
Aneli [31]
3 years ago
15

James borrows $300 at an interest rate of 8% and takes 5 years to pay it off.

Mathematics
2 answers:
Eduardwww [97]3 years ago
8 0
He pays $420
0.08*5=120
300+120= $420
Fudgin [204]3 years ago
6 0
If you're dealing with SIMPLE interest, this problem is an easy one.

The SIMPLE interest is found using the formula i = p r t
where p is the principal amount, r is the interest rate as a decimal fraction, and t is the time in years.

Then   interest = i = $300(0.08)(5 years) = $120
You might be interested in
10,000 is compounded quarterly at 12% interest for t years, what expression represents the amount of money after t years
Murljashka [212]

Answer:  10,000(1.03)⁴ˣ  

<u>Step-by-step explanation:</u>

A = P(1 + \frac{r}{n})ⁿˣ

A is the amount (new balance):  <u> unknown </u>

P is the principal (amount you started with):  <u> 10,000 </u>

r is the interest rate: 12% = <u> .12 </u>

n is the number of times per year it is compounded: quarterly = <u> 4 </u>

x is the number of years: <u> x </u>

A = 10,000(1 + \frac{.12}{4})⁴ˣ

   = 10,000(1 + .03)⁴ˣ

   = 10,000(1.03)⁴ˣ

3 0
3 years ago
Which statement best describes stocks?
miv72 [106K]

The answer is: B, They are an investment in a company's progress and profits.

When people buy stocks from a company, those people basically buy a part of ownership of that company. As the company progress and obtain profits, the holders of the stocks are entitled to some percentage of the dividend that company announce for each stock.

7 0
3 years ago
Read 2 more answers
Test algebraically whether f(x) = 1 is even, odd, or<br> neither even nor odd.
zhenek [66]
What does this even mean
8 0
2 years ago
What is the slope of a line that passes through the point (-3,0) and has a y-intercept of 12
Trava [24]

The slope of a line that passes through the point (-3,0) and has a y-intercept of 12 is 4.

<h3>How to find the slope of a line?</h3>

Using the point slope equation,

y = mx + b

where

  • m = slope
  • b = y-intercept

Therefore, using (-3, 0)

0 = -3m + 12

-12 = -3m

divide both sides by -3

m = -12 / -3

m = 4

learn more on slope here: brainly.com/question/17130155

#SPJ1

7 0
2 years ago
The question is in the picture.
Ghella [55]

Answer:

  42 = (3 +x)(4 +x)

Step-by-step explanation:

The only equation that has the existing dimensions <em>increased</em> by x is the first one.

7 0
3 years ago
Other questions:
  • A book seller bought 80 copies of books at 3.50 per copy . He sold each of them at 4.20 , find the total price and profit cost p
    12·1 answer
  • Napkins came in a box of 500.How many people could use 3 napkins each?How many more would be needed for another person?
    15·1 answer
  • What is the absolute value of -100000000000000?
    9·2 answers
  • Sole equation 4×6-24÷4
    7·1 answer
  • Kite ABCD is reflected over the line y = x. What rule shows the input and output of the reflection, and what is the new coordina
    9·2 answers
  • Why are rates usually written as a unit rate
    13·1 answer
  • What is the simplified expression of the following expression?
    9·1 answer
  • What is the value of b in this equation?<br><br> A. -20<br> B. -6<br> C. 6<br> D. 20
    5·2 answers
  • Translate the sentence into an equation.
    11·1 answer
  • Can someone help me ??
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!