chloehelp chloehelp
  • 17-12-2018
  • Mathematics
contestada

if you borrow $421 for nine years at an interest rate of 4% how much interest will you pay

Respuesta :

Аноним Аноним
  • 20-12-2018

Answer:

the answer is $151.56

Step-by-step explanation:

our formula of interest is I = PxRxT

P (principal) = 421

R (rate) = 4%  (we have to turn it into a decimal which is 0.04)

T (time) = 9 years

so :

I = 421 x 0.04 x 9

I = 151.56

Answer Link

Otras preguntas

1.How does inertia affect a person who is not wearing a seatbelt during a collision?
In a survey of 3,000 people who owned a certain type of car, 1,050 said they would buy that type of car again. What percentage of the people of the people surve
Hammurabi's Code brought a sense of fairness to his people and established order in society. a. True b. False
Show the work for 2 divided by 50
President Truman sent a fleet of ships to what island in 1949 to protect it from Red China?
ian has 12.2 ounces of ketchup he uses 1/20 of the ketchup every time he has buafflo burger how many ounces of ketchup are left after ian has eaten 4 burgers
What percent of 925 is 37%
What is the name of the period that has the digits 913,256.
What is another word for cytosol
A Sports arena covers 710,430 square feet of ground. A newspaper reported that the arena covers about 700,000 square feet of ground. To what place value was t