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
d1i1m1o1n [39]
2 years ago
12

HELP HELP !! & PlEASE SHOW WORK ! What would be the compound interest rate if Tom borrowed $6,000 at a 3% interest rate for

2 years?
$365.40
$185.40
$180.00
$250.00
Mathematics
1 answer:
In-s [12.5K]2 years ago
3 0

Answer:

Compound interest = $365.4

Step-by-step explanation:

Given:

Amount borrowed = $6,000

Rate of interest = 3%

Number of year =  year

Find:

Compound interest

Computation:

A = P[1+r]ⁿ

Amount after 2 year = 6,000[1 + 3%]²

Amount after 2 year = 6,000[1 + 0.03]²

Amount after 2 year = 6,000[1.03]²

Amount after 2 year = 6,000[1.0609]

Amount after 2 year = 6,365.4

Compound interest = Amount after 2 year - Amount borrowed

Compound interest = 6,365.4 - 6,000

Compound interest = $365.4

You might be interested in
A hotel manager found that his gross Receipts for the day including a 3% sales tax were $1,551.18 find the amount of sales tax c
IrinaK [193]
The total percentage of the equation is 1,597.72
6 0
2 years ago
Did I get the right answer ?
Tems11 [23]

Answer:

si

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
How do u work out a whole number multiplied with a decimal
Margaret [11]

If you want to multiply a decimal by a whole number, just ignore the decimal point and multiply like normal! Then, bring the decimal point back for the answer. for example 2×0.2

first multiply 2*2=4

and then place the decimal we have one value after decimal so the answer is 0.4

6 0
3 years ago
How to simplify the complex number (9 - 2i) - (-2 + 6i) ?
matrenka [14]
(9 - 2i) - (-2 + 6i) \\ \\ 9 - 2i + 2 - 6i \\ \\ (9+2) + (-2i - 6i) \\ \\ 11 - 8i \\ \\ Answer: \fbox {11 - 8i}
3 0
2 years ago
The number of dogs a family has and the amount of floor cleaner used are known to have a strong positive association. Jaylen con
vesna_86 [32]

Answer:

Jaylen's conclusion is a valid conclusion because it is logical

Step-by-step explanation:

Jaylen's conclusion is a valid conclusion because it is logical. Regardless of not having all the necessary information needed to prove that the number of dogs is the sole main cause for an increase in cleaner usage she can still conclude this. Since dogs naturally bring in dirt from outside and make messes, and since Jaylene notices that families that are known to have more dogs are buying more floor cleaner then she can logically come to this conclusion.

6 0
3 years ago
Read 2 more answers
Other questions:
  • the difference between two numbers is 31. Four times the smaller is equal to 8 more than the larger. What are the numbers?
    5·1 answer
  • Some one please help
    6·1 answer
  • A women gives birth to 4 babies in her lifetime. What is the probability that she has first 3 boys and then one girl? Please hel
    15·1 answer
  • Dilation does not preserve congruence. True or False
    12·1 answer
  • Triangle NOP is similar to triangle QRS. Find the measure of side RS. Round your answer to the nearest tenth.
    8·1 answer
  • Find the median of the data set. 100, 4, 12, 6
    6·1 answer
  • Alice grew 24 flowers with 3 seed packets. With 6 seed packets, how many total flowers can Alice have in her garden? Assume the
    11·1 answer
  • Hi can you please help me ​
    7·2 answers
  • Pllllllllllllllzzzzzzzzzzzzzzz <br> hhheeeellllllllpppppppppppp
    8·1 answer
  • A wire is in the shape of a rectangle of length 14cm. Find its breadth if the same wire is re- bent into a square of side 13cm.
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!