doggyishere123456789 doggyishere123456789
  • 12-11-2020
  • Business
contestada

You are starting your own small business in Albuquerque. You borrow $10,000 from the bank at a 9% rate for 5 years. What is the total amount you will pay on this loan.

Respuesta :

26javiercontreras 26javiercontreras
  • 17-11-2020

Answer:

4,500

Explanation:

Use the I=PRT method to help

P=10,000      T=5 years     R=9%=9/100=0.09

this is going to be your equation

I=10,000 x .09 x 5

multiply you t x r

it should now look like this,

I=10,000 x .45

now the last thing to do is just multiply them both.

you should get,

I=4500

Answer Link

Otras preguntas

Before Jackie left for college, she told her friend Lisa that she thought sororities were filled with snobs and that she would never consider joining one. But d
Help me pleazzzzzzzzeeeeeee
What is the surface area
Prove the segments joining the midpoint of consecutive sides of an isosceles trapezoid form a rhombus. Find the coordinates of midpoint D.
Which style did Jack use on the vocabulary words in reports?
Which is a part of interphase
Water and food are examples of ______ for populations.
Complete the statement. Since angle B is the largest angle, is the side.
Louisa hit the hockey puck hard, transforming it into a missile heading straight for the goal. which statement best interprets the meaning of the metaphor in th
Which of these numbers of stimulations of an event would be most likely to produce results that are closest to those by probability theory A. 10 B. 20 C. 5 D.