WinxClubcharact WinxClubcharact

04-05-2017
Mathematics

contestada

Tom borrowed $35,000 to remodel his house. At the end of the 5-year loan, he had repaid a total of $46,375. At what simple interest rate did he borrow the money?

Respuesta :

tayyrenee21 tayyrenee21

04-05-2017

46,375=35,000+5m

46,375-35,000=11,375

11,375/5=2,275

2,275/35,000=0.065

this means over the course of 5 years, tom payed 0.065% interest for the 35,000 loan

Answer Link

Otras preguntas

What is the relationship between an atom and an element? A. An atom consists of several elements. B. An element consists of only one kind of atom. C. An atomic

What is the converse of the conditional statement? If x is even, then x + 1 is odd. If x is not even, then x + 1 is not odd. If x + 1 is odd, then x is even. If

How are natural selection and mutation related to each other?

when looking for patterns or trends in your data, you are analyzing your

30 points for this help(pick any current event that is happening right now at this time . Answer these questions

6. A hospital needs a supply of an expensive medicine. Company A has the most supply available, 1.3 milligrams, which is twice the difference between the weight

List three ways in which energy is needed to allow you to ride a bike.

The Due Process Clause is part of which Amendment? O Fifth O Third O First O Fourth

el bono navideño será calculado este año a base de un 3% del sueldo anual si ganarás $13540 de cuánto será su bono?

What is this asking for?