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Marrrta [24]
3 years ago
12

  A registered nurse (RN) pays 5% simple interest on a $175,000 mortgage

Mathematics
1 answer:
Artyom0805 [142]3 years ago
5 0
I=PRT
I=intrest
p= starting balance/initial balance
r= rate
t=time

i=175,000x.05x1
i=8750 
this is the intrest rate the amount given in one year
you need to add this to the first amount since its is simple interest not compound

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