lilcloudleslie7593 lilcloudleslie7593

08-12-2020
Mathematics

contestada

Scott gets a student loan to go to college after high school. If he pays $750 in interest at a rate of 3% over four years, how much must the loan have been for originally?

Respuesta :

samuelonum1 samuelonum1

12-12-2020

Answer:

$6250

Step-by-step explanation:

Step one:

given data

simple intereest= $750

rate= 3%

time= 4years

Required

The Principal P

Step two:

SI= PRT/100

750= P*3*4/100

750=12P/100

cross multiply we have

12P=750*100

divide both sides by 12

P=75000/12

P=$6250

Answer Link

Otras preguntas

What transformation to the linear parent function, f(x) = x, gives the function g(x) = x + 7? O A. Shift 7 units down. B. Vertically stretch by a factor of 7. C

Explain why failure can be a learning opportunity.

Kala drove 819 miles in 13 hours. At the same rate, how long would it take her to drive 441 miles?

Write a story which begins with the words "It was only when I arrived at the house I realized I had forgotten........" (narrative, 500 words)

What is the area of the trapezoid? 176 cm2 192 cm2 208 cm2 224 cm2

Mr. Tanaka is making Miso soup for his family. The recipe calls for 350 ml of Dashi. Mr. Tanaka plans to make a smaller batch using 280 ml of dashi. He wants to

why are neples people so cute

What is important to you to include in our class contract?

The triangle below is isosceles. Find the length of side xx in simplest radical form with a rational denominator.

In the month of March, Wildhorse Salon services 620 clients at an average price of $130. During the month, fixed costs were $16,380 and variable costs were 70%