Find the amount of interest owned for a $1,895 loan for 4 years at a 7.9% interest rate

Mathematics

2 answers:

Alex777 [14]3 years ago

5 0

Answer:

$598.82

yw:) jdbviusdbwsbndj

scoundrel [369]3 years ago

3 0

Answer:

principal (p)=$1895

time (t)=4years

rate(r)=7.9%

Step-by-step explanation:

compound interest amount=p((1+r/100)^t-1)=$1895((1+7.9/100)^4-1)=$1895×((1.355)-1)=$1895×(0.355)=$672.725
simple interest=ptr/100=$1895×4×7.9/100=$598.82

You might be interested in

How do u solve this its pre-algebra 4x – 5y = 20

kykrilka [37]

Answer:

Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool. Boy I am cool.

Step-by-step explanation:

3 0

3 years ago

Read 2 more answers

angle 9 and angle 10 are corresponding and complementary angles formed by two parallel lines cut by a transversal. Find the meas

mash [69]

Answer:

45 Degrees

Step-by-step explanation:

9 and 10 are corresponding meaning that they will be the same. They are also complementary, so they equal 90 degrees when added. 90/2 is 45.

4 0

3 years ago