Answer:
7 years
Step-by-step explanation:
Given:
Principal P = 9300
Interest rate r = 13% = 0.13
Final amount F = 17,763
Since the problem does not state that it is a compounded interest, we will assume this is a simple interest case.
The formula for simple interest is;
Interest I = Prt .....1
t = period
Final amount F = P + I
I = F-P
Substituting into equation 1;
(F-P) = Prt
t = (F-P)/Pr
Substituting the given values;
t = (17,763 - 9300)/(9300×0.13)
t = 7 years
Period = 7 years
Answer:
2.8 years or 33.6 months.
Step-by-step explanation:
I am not sure what your questions is, but I assume it is how long it will take to pay it off?
In a year (15*12,) you would have paid $180 of it.
x = 500/180
Therefore, it will take you approximately 2.8 years to pay off your loan, excluding interest, of course, since you did not provide that rate.
Answer: $6.66
Explanation:
3.70 multiplied by 0.80 = 2.96.
3.70 + 2.96 = $6.66
Answer:118.3
Step-by-step explanation:
=0.5*13*18.2
Answer: B 15 units
Step-by-step explanation:
