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

Help me asap with this graph please, I'll give u brainiest!
Whose epithet is “the father of gods and men
PLEASE HELP, I’LL GIVE BRAINLIST!
The diagram represents one of Mendel’s laws or principles of inheritance. Which law or principle does the diagram represent? dominance independent assortment s
(Retry) Which of the following simplifies to a negative number? -- It isn't C, apparently.
Is (3/5)^3 equivalent to 27/125?
what is the solution to this equation? 4(x-8) + 10= -10 A. x=5 B. x=2 C. x=3 D. x= 4
I have to factor this expression (ax^2+bx+c) and I’m having some trouble. Can someone help me with this?
When a sperm cell fertilizes an egg cell, the genes in both cells?
What does Joe Martin say are the four questions we must answer for ourselves? * 3. What is your purpose statement (taken from page 5 of your workbook)? * 4. Ac