2 years ago

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

Mathematics

2 answers:

Eduardwww [97]2 years ago

8 0

He pays $420
0.08*5=120
300+120= $420

Fudgin [204]2 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

Need some help with this question.

Sergio [31]

The expected value would be 12 as it has the highest P(outcome).

7 0

2 years ago

if the mean of A and B is 20 the mean of B and C is 24 and the mean of A,B and C is 18 .what is the mean of A and C

gizmo_the_mogwai [7]

Answer:

Step-by-step explanation:

5 0

3 years ago

Please help i will give crowns

gregori [183]

10/3 which is the same as 3 1/3

4 0

1 year ago

Read 2 more answers

What is the value of the numerical expression 5/8 - 5/12 (3 -1/4) + 2/3 ?

nasty-shy [4]

$\dfrac{5}{8} - \dfrac{5}{12} ( 3 - \dfrac{1}{4} )+ \dfrac{2}{3}$

$= \dfrac{5}{8} - \dfrac{5}{12} (2\dfrac{3}{4} )+ \dfrac{2}{3}$

$= \dfrac{5}{8} - \dfrac{5}{12} (\dfrac{11}{4} )+ \dfrac{2}{3}$

$= \dfrac{5}{8} - \dfrac{55}{48}+ \dfrac{2}{3}$

$= \dfrac{30}{48} - \dfrac{55}{48}+ \dfrac{32}{48}$

$= \dfrac{7}{48}$

6 0

2 years ago

An adult short-eared owl weighed 1/2 pound. A baby short-eared owl weighed 2/9 pound. What was the total weight of the two owls?

bezimeni [28]

Total weight of the two owls are 2/3

3 0

2 years ago