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vaieri [72.5K]
2 years ago
13

Julia takes out a loan to buy a new car. She borrows £8000 over 5 years at a simple interest rate of 10%.

Mathematics
2 answers:
Elodia [21]2 years ago
4 0

Answer:

Julia will pay £4000 as interest.

Step-by-step explanation:

As per given question we have provided that :

  • ➣ Principal = £8000
  • ➣ Time = 5 years
  • ➣ Rate = 10%

Here's the required formula to find the Principal :

{\longrightarrow{\pmb{\tt{I= \dfrac{PRT}{100}}}}}

  • ↝ I = Interest
  • ↝ P = Principal
  • ↝ R = Rate
  • ↝ T = Time

Substituting all the given values in the formula to find the Principal :

{\implies{\sf{Interest= \dfrac{PRT}{100}}}}

{\implies{\sf{Interest= \dfrac{P \times R \times T}{100}}}}

{\implies{\sf{Interest= \dfrac{8000 \times 10 \times 5}{100}}}}

{\implies{\sf{Interest= \dfrac{80 \cancel{00} \times 10 \times 5}{1 \cancel{00}}}}}

{\implies{\sf{Interest= 80 \times 10 \times 5}}}

{\implies{\sf{Interest= 800 \times 5}}}

{\implies{\sf{\underline{\underline{Interest = 4000}}}}}

Hence, the interest is £4000.

\rule{300}{2.5}

Bumek [7]2 years ago
3 0

Answer:

here,

principle(p)=£8000

time(t)=5 years

rate(r)=10%

now,

Interest=PTR/100

         =8000 x 5 x 10/100

        =£4000

Step-by-step explanation:

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Step-by-step explanation:

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Step-by-step explanation:

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Ian has 12.2 ounce bottle of ketchip. He uses 1/20 of the ketchup every time he has a buffalo burger How many ounces of ketchup
tatiyna
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Answer:

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