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solniwko [45]
2 years ago
5

100 points

Mathematics
2 answers:
ad-work [718]2 years ago
8 0

Answer:

  • $450

Step-by-step explanation:

<u>Given:</u>

  • Principal P = $5000
  • Interest rate r = 9% simple
  • Time t = 1 year

<u>Interest amount:</u>

  • I = Prt/100
  • I = 5000*9*1/100 = 450
saw5 [17]2 years ago
5 0

Answer:

$4,500

Step-by-step explanation:

For simple interest,

I = prt,

where

I = interest

p = principal

r = annual interest rate

t = number of years

We have p = $5,000, r = 9% = 0.09; t = 1 year

I = $5,000 × 0.09 × 1

I = $450

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Maria took out an unsubsidized Stafford loan of $6,925 to pay for college. She plans to graduate in 4 years. The loan had a dura
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Answer:

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Step-by-step explanation:

Calculation to determine how much greater will the amount of interest capitalized be than the minimum amount that she could pay to prevent interest capitalization

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