dockdemon
dockdemon dockdemon
  • 01-12-2017
  • Mathematics
contestada

What is the interest for an $8,720 loan at 12.5 percent for 15 years?

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 03-12-2017
The formula is
I=prt
I interest?
P loan 8720
R interest rate 0.125
T time 15 years
I=8,720×0.125×15
I=16,350

Hope it helps!
Answer Link

Otras preguntas

Which statement describes an effect of the Great Depression on city life? A) Many farmers lost their land and turned to tenant farming. B) Many people lost the
The goal of _____ meditation is to develop an acceptance of oneself and others.
the perimeter of the polygon above is?
What is the interest rate on a three-year investment with a future value of $1000 and a present value of $863.84?
How many gallons of a 30% salt solution must be added to 40 gallons of a 12% salt solution to obtain a 20% solution?
There are six entrances to a haunted House. If you do not exit the same way you entered, how many different ways can you enter and exit the house?A.) 20B.) 25C.
How would you plot number 10 on a coordinate plane
Philip stayed up too late reading an exciting novel. The next morning, he overslept and arrived late at school. He stuttered while giving his history report and
A square piece of paper has a side measure of 6 inches. What is the perimeter of the paper?
If the president does not sign or veto a bill within ten days and Congress adjourns, what happens?