Ariane borrows $300 on a 5−year loan. She is charged 5% simple interest per year. How much interest is she charged for 5 years?
What is the total amount she has to pay back?
1 answer:
Answer:
Interest = $75
Total to pay back = $375
Step-by-step explanation:
The total amount she will have to pay back is found by the formula:
= Amount borrowed * (1 + rate * years)
= 300 * ( 1 + 5% * 5)
= $375
The interest is therefore:
= Amount to be paid back - Amount borrowed
= 375 - 300
= $75
You might be interested in
Answer:
y = 2x+10
Step-by-step explanation:
y is the cost (which we don't know)
2x is the $2 per card with x representing the number of cards (which we don't know)
And of course 10 is the cover charge.
T(n)=t(0)xR to the n power since the sequence is geometric
t(0)=1.5 because 1.5x2=3
R=2
Answer:
=-4/-12=1/3 is your answer
Answer:
-36
Step-by-step explanation:
3+2+1+2=8-4-3=1-2=-1-1=-2x1x2=-4-1=-5-27=-33-3=-36
Answer:B
Step-by-step explanation:
