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
SIZIF [17.4K]
3 years ago
5

Mike has a loan of $36,320. This loan has a simple interest rate of 6% per year. What is the

Mathematics
1 answer:
Trava [24]3 years ago
4 0

Answer:

<h3> $2,179.2</h3>

Step-by-step explanation:

Given;

Loan = $36,320 (Principal)

Rate R = 6% = 0.06

Time T = 1year

Required

Interest that will be charged on this loan at the end of the first year

Using the formula for calculating simple interest as;

SI = PRT/100

SI = 36,320 * 6 * 1/100

SI = 0.06 * 36,320

SI = $2,179.2

Hence the amount of interest that will be charged on this loan at the end of the first year is  $2,179.2

You might be interested in
What is the equation, in point-slope form, for a line that goes through ​ (2, −6)(2, −6) ​ and has a slope of ​ −34−34 ​ ?
Keith_Richards [23]
The answer is the last one option: y+6=-34(x+2). I told you the reason in the other similar question.
8 0
4 years ago
Three friends want to meet at a place that is the same distance from each of their houses. They draw a map and measure the appro
murzikaleks [220]

Answer:the answer is B

Step-by-step explanation:Bisect each of the angles with vertices at their houses

3 0
3 years ago
WHAT IS 1+1? PLEASE HELP IM STRUGGLING SOOOO MUCH ;(
Paladinen [302]

Answer:

it's 2!  ;)

Step-by-step explanation:

hope you are having a spectacular day and thankss!! - jada

5 0
3 years ago
Read 2 more answers
1 rounded to the nearest ten do you round up or down
andrew11 [14]
You round down.
five or up you round up.
five or below you round down.
8 0
3 years ago
Find the sum<br> (4 - n) + 2(-5n + 3)
Assoli18 [71]

Answer:

−11n + 10

Step-by-step explanation:

(4-n) + 2 (-5n+3)

4 - n + -10n + 6

-11n+4+6

The answer:-11n+10

6 0
3 years ago
Other questions:
  • Share out £80 between Tom and jerry in the ratio 3:2
    7·2 answers
  • A train ticket has a perimeter of 72 centimeters and an area of 315 square centimeters. What are the dimensions of the ticket?
    10·1 answer
  • Find the equation of the line 7y=-2x, passing though (8,-2). Express your answer in standard form.
    5·1 answer
  • The volume of a cone is 3πx3 cubic units and its height is x units.
    12·1 answer
  • Order these from least to greatest 6. 6/25,6.17,5.171,25/4​
    9·1 answer
  • Explain whether the function g(x) = x^9 + x^5 is borh an even function and an odd function.
    9·1 answer
  • 19. Express 9/4
    15·1 answer
  • Class tournament out of 24 games played,time ka won 10 games write 10/24 in the simplest form
    11·2 answers
  • Paige has 1 ½ feet of rope for a project. She only needs 2/3 of it. How much rope does she need?
    12·2 answers
  • Nikki spent 2/5 of her birthday money on new shoes and 1/4 of her birthday money on a new headband.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!