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

What is 20+ 100x - 300p - 200x - 630=

Alex73 [517]

Answer:

- 610

Step-by-step explanation:

3 0

3 years ago

Read 2 more answers

Which set of side lengths form a right triangle?

OLga [1]

I have taken the test and I can confirm that the answer is

B. 15 m, 20 m, and 25 m.

Have a fantastic day!

4 0

3 years ago

Read 2 more answers

The equation above shows how temperature F, measured in degrees Fahrenheit, relates to a temperature C, measured in degrees Cels

Murrr4er [49]

Answer:

I (even though you said not to worry about dis question) will try and answerrrrrrrrrrrrr-

I would say- hmmm- B.) II only aka A temperature increase of 1 degree Celsius is equivalent to a temperature increase of 1.8 degrees Fahrenheit.

6 0

2 years ago

Kamau bought 50 kg of sugar for sh 4000

Nana76 [90]

Answer:

Profit % =50%

Step-by-step explanation:

Cost of 50 kg = sh 4000

Selling price of 1kg = sh 120

Selling price of 50 kg = sh 6000

$profit \% = \frac{Selling \ price - cost \ price}{cost \ price} \times 100\\$