Brubi8522 Brubi8522

14-08-2020
Mathematics

contestada

Mary needed capital for her bakery. She borrowed $60 000 for 4 years at a simple interest rate of 8% per year. How much money will Mary pay at the end of 4 years?

Respuesta :

14-08-2020

Answer:

$ 79600

Step-by-step explanation:

interest=prt (p is the amount borrowed, r is the rate, t is the time)

p=60000 , r=8%=0.08 , t=4 years

interest=60000*0.08*4

A=19600

the amount paid at the end of 4 years: 60000+19600=$79600

Answer Link

Otras preguntas

Draw 8 lines that are between 1 inch and 3 inches long. Measure each line to the nearest fourth inch, and make a line plot

Why did independent city-states develop in ancient Greece? Choose all answers that are correct. A. Some of the city-states were isolated because they were islan

Which was a policy of the Freedman's Bureau? A. turn over all white-owned property to free blacks B. reimburse white slaveholders for lost property C. start sch

I need help with this A DVD movie sells for $29 and the sales tax is 5.5%. What is the total cost of the movie to the nearest penny? Show your work to earn cr

A new cruise ship line has just launched 3 new ships: the Pacific Paradise, the Carribean Paradise, and the Mediterranean Paradise. The Carribean Paradise has 1

The diagram shows a triangular slab of toffee divided into several triangular pieces. Dawn eats 2/5 of the toffee and Elijah eats 7/25 of the toffee what fracti

Which statement highlights the difficulties faced by those working on the Panama Canal? A.) Workers had to clear and level mountains so that the entire length o

What is the purpose of the bill of rights?

What was one of Thurgood Marshall’s major achievements? organizing the Montgomery bus boycott founding the National Association for the Advancement of Colored P

The primary difference between the Virginia Plan and the New Jersey Plan was __________. A. military funding B. a standard national currency C. state representa