gonzalezkassandra829 gonzalezkassandra829

19-09-2020
Mathematics

contestada

P= $2000.00 A= $2160.00 t= 2 years
The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple interest rate r

Respuesta :

lifelongknowledge62 lifelongknowledge62

19-09-2020

Answer:

interest = Amount-Principal= 2160-2000=160

Rate = Interest*100/(P*T)= 160*100/(2000*2)=4%

Step-by-step explanation:

Answer Link

Otras preguntas

Why did Plato dislike Athenian democracy?

Kita's phone had a fully charged battery. With normal usage her phone will last 18 hours. How much time is left on Kita's phone battery with 12% charge remainin

CDs and DVDs act effectively like diffraction gratings when reflecting laser light. Holding the disks 1.2 from a wall, you notice that the difference between t

An increase in the temperature of a solution usually: a)increases the boiling point. b)increases the solubility of a gas in the solution. c)increases the solubi

Through (-1,3) parallel to y= 5/4x+3

Benefit corporations differ from traditional corporations in three main ways. The main purpose is to benefit the ___ , so directors must consider the impact of

A particular brand of tires claims that its deluxe tire averages at least 50,000 miles before it needs to be replaced. From past studies of this tire, the stand

How did the geography of the Greek peninsula help them defeat the Persians? A Athenian soldiers were able to hide in the valleys. B The Athenians developed a m

What marked a new , More complexed and symbolic approach to Christian art?

Which groups are potassium (K) and calcium (Ca) ) in ? Describe the similarities and differences between these groups