Answer:
$10,603.20
Step-by-step explanation:
You can calculate the simple interest of the loan using the formula:
I = prt, where I = interest, p = principal amount, r = interest rate and t = time. Plugging in the values from the problem:
p = $7,050
r = 8.4% or 0.084
t = 6 years
I = (7050)(0.84)(6) = $3,553.20
To find the total cost of the boat, add the interest and the purchase price:
$7,525 + $3,553.20 = $11,078.20
Answer:blue = red
Step-by-step explanation:
Is purple 3+1 is 4
Hello,
First you have to multiply $275,000 x 30 x 6% = $495,000.
then 495,000 x 6% = 29,700.
That is the answer it is between 25,000 - 45,000....
Hope I Helped!!!
