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
ycow [4]
3 years ago
8

A loan of $12000 was borrowed from the bank at 14% per annum calculate the interest on the loan at the end of the first year ?​

Computers and Technology
2 answers:
Fofino [41]3 years ago
8 0

Answer:

lmasjsjsjssjjssjjssjsjjsksakkalaaooaa

jek_recluse [69]3 years ago
5 0

Loan borrowed = $12,000

Percentage of interest on the loan per annum = 14%

We know that :

\color{hotpink}\tt \: Simple \: interest = \color{plum}\frac{principal \times rate \times time}{100}

In this case :

  • principal = $12000
  • rate = 14%
  • time = 1 year

Simple interest at the end of the first year :

= \tt \frac{12000 \times 14 \times 1}{100}

= \tt \frac{168000}{100}

\color{plum}\tt  = \$1680

Thus, interest = $1680

Therefore, total interest on the loan at the end of one year = <u>$1680</u>

You might be interested in
Which of the following best describes compounds.
Lemur [1.5K]
A. They can only be separate chemically
4 0
3 years ago
CREIDT INAOCT Unscramble thr word<br>please solve it fast its urgent ​
ivanzaharov [21]

Answer:

Credit Action .......I believe

6 0
2 years ago
Tasha purchased a new tablet. She has several questions about how to connect to the internet, download apps, install software, a
lutik1710 [3]
The answer is D because a toutourial can explain each and everey process

6 0
3 years ago
If you are in the Slide Master view, what are the steps to add headers and footers?
Marta_Voda [28]

Answer:

THat is the correct order.

Explanation:

6 0
2 years ago
I have some IT problem. Can I find a programmer here?
Jlenok [28]
If it's a hardware problem, find a mechanic or buy replacement parts.
If it's a software issue, someone ranked high on Brainky may know the programming language.
A handy hint is just to ask! If your question isn't answered, try elsewhere!
3 0
3 years ago
Other questions:
  • Next, determine if the given number is a prime number. A prime number is a number that has no positive divisors other than 1 and
    11·1 answer
  • Which of the following subject lines would be best to use when applying for a position in a high school teacher
    11·1 answer
  • A switch is a central network device that connects network nodes such as workstations and servers in a physical ____ topology
    14·1 answer
  • Andre is teaching a class without the software development cycle while teaching the analyst phase which task should Andre mentio
    8·1 answer
  • Justin signed a rental agreement for his new condo. How long is his lease? a p e x
    15·1 answer
  • A technician has been given a PC that is not powering up. After brief troubleshooting, the technician comes to the conclusion th
    14·1 answer
  • When searching for an image on your computer, you should look for a file with which of the following extensions?
    8·1 answer
  • 1.-  POR QUE LOS HUMANOS NOS INTERESAMOS EN ROBOTS CONASPECTO HUMANO?
    8·1 answer
  • How do you start using the Internet?
    6·2 answers
  • where element is the Hypertext Markup Language (HTML) element and _____ pairs define the styles that are applied directly to tha
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!