3 years ago

How much was your loan

Mathematics

1 answer:

leonid [27]3 years ago

8 0

Answer:

Your loan was for $16,000.

Step-by-step explanation:

The formula for simple interest is i = prt, where p is the principal, r is the interest rate as a decimal fraction, and t is the time in years.

If i = prt, then p = i / (rt)

Here, p = ($1200) / 0.075 = $16,000

Your loan was for $16,000.

You might be interested in

What are the coordinates of the parallelogram? Write your answer as whole

RoseWind [281]

Answer:

(2.5,-0.5)

Step-by-step explanation:

6 0

2 years ago

Craig Campanella and Edie Hall both have night jobs. Craig has every thirteenth night and Edie has every Fifth night off. How of

Andrews [41]

Craig has every 13th night and Edie has every 5th night off.

You have to find LCM - the Least Common Multiple that is the smallest ("least") number that both 13 and 5 will divide into.

Since numbers 13 and 5 are both prime, then LCM(13,5)=13·5=65.

This means, they will have the same every 65th night off.

6 0

3 years ago

X÷79 + 72 - 18 hellppppp

tino4ka555 [31]

Answer:

1/5688x-18

I am not sure about my answer because I think the question is missing some information but my answer is 1/5688x-18. Thanks!

7 0

3 years ago

Suppose you invest $400 at an annual interest rate 7.6% compounded continuously. How much will you have in the account after 1.5

goldfiish [28.3K]

$\bf ~~~~~~ \textit{Continuously Compounding Interest Earned Amount}\\\\
A=Pe^{rt}\qquad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to& \$400\\
r=rate\to 7.6\%\to \frac{7.6}{100}\to &0.076\\
t=years\to &1.5
\end{cases}
\\\\\\
A=400e^{0.076\cdot 1.5}\implies A=400e^{0.114}$

3 0

3 years ago

A plant used to be 11 inches has grown to 17 inches tall.what is the percent increase of the height of the plant

tia_tia [17]

Answer:

54.5%

Step-by-step explanation:

7 0

3 years ago