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
Romashka-Z-Leto [24]
3 years ago
6

Avram borrows $14,500 at 5.4% simple interest to open a small business. His bank allows him 9 years to pay back the loan. How mu

ch simple interest will Avram have to pay on the loan?
Mathematics
1 answer:
Elis [28]3 years ago
6 0

Answer:

<em>Avram will have to pay $7,047 simple interest</em>

Step-by-step explanation:

<u>Simple Interest</u>

Definition: Interest calculated on the original principal only of a loan or on the balance of an account.

Unlike compound interest where the interest earned in the compounding periods is added to the new principal, simple interest only considers the principal to calculate the interest.

The interest earned is calculated as follows:

I=A.r.t

Where:

I = Interest

P = initial principal balance

r = interest rate

t = time

Avram has a principal of P=$14,500 at a simple rate of r=5.4%=0.054 for t=9 years, thus:

I=14,500*0.054*9=7,047

I=$7,047

Avram will have to pay $7,047 simple interest

You might be interested in
Lebron James and Steph Curry went up against each other in the NBA finals. Lebron scored 2 points every 3 minutes, and Curry sco
Genrish500 [490]

Answer:

curry would have more

Step-by-step explanation:

the reason is because if you divide 3 by 2 it give you 1.5 you multiple that by 48 which is 72 and then you do the same thing to curry and curry approximately 77 points in 48 minutes

4 0
3 years ago
The product of x and 6 is at least -17
mr_godi [17]

The product of x and 6: 6(x)

is at least -17: ≥ 17

6x ≥ 17 is your answer

hope this helps

7 0
3 years ago
if I continue to meet my performance goals, I will receive a $300 bonus each month. my annual salary is 40, 000, so if I meet my
egoroff_w [7]
The correct answer is 40,300. Hope this helps. Please mark as brainliest.
4 0
3 years ago
Read 2 more answers
Write the equation of the line in fully simplified slope-intercept form.
fiasKO [112]

y = -\frac{1}{2}x - 1

Step-by-step explanation:

Let's pick two points on the line: P_1(-4, 1) and P_2(2, -2). Let's calculate the slope of this line using these points:

m = \dfrac{y_2 - y_1}{x_2 - x_1} = \dfrac{-2 - 1}{2 - (-4)} = -\dfrac{1}{2}

With this value of the slope, we can write the general slope-intercept form of the equation as

y = -\frac{1}{2}x + b

To solve for the y-intercept b, let's use either P1 or P2. I'm going to use P2:

-2 = -\frac{1}{2}(2) + b \Rightarrow b = -1

Therefore, the slope-intercept form of the equation is

y = -\frac{1}{2}x - 1

6 0
2 years ago
Jonathan purchased 30 markers for $5.40. What is the price per marker?
madreJ [45]

Answer: 0.18 is your answer

Step-by-step explanation:

3 0
2 years ago
Read 2 more answers
Other questions:
  • The equation $1.50p + $5.00 = $14.00 shows the total cost of picking p pounds of blueberries at a local blueberry farm. how many
    12·1 answer
  • Lillie Manson paid for tuition at a summer school with an installment loan of $3,600 at 9% interest for 12 months. Her monthly p
    14·1 answer
  • Find the length of the hypotenuse of a right triangle whose legs are 3 and . 2
    13·1 answer
  • Jessica used 2/3 yard of fabric to make a scarf. Can she make 2 of these scarves with
    10·2 answers
  • Angles that are greater than 0 degrees and less than 90 degrees are classified as acute angles.
    8·2 answers
  • Gina and her three friends are practicing for their upcoming track meet. Jennifer ran 3.15 miles while Gina ran 3.060. Tiffany r
    8·1 answer
  • Jane had a rectangular frame 30 inches in length and 24 inches in width. Stan made a similar frame that is smaller in size. Whic
    9·2 answers
  • The function f(x) varies directly with x and f(x) = 12 when x = ¼. What is f(x) when x = 1/8?
    8·1 answer
  • The simple interest on a sum of money is 25% of the rate percent per annum find the rate​
    13·1 answer
  • Please help with this math problem
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!