2 years ago

Joe borrowed $2,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 5 years?

1 answer:

4 0

The simple interest formula is I = P * r * t

P is the principal (2,000)
r is the interest rate (7% or 0.07)
t is the time (5)

2000 * 0.07 * 5 = 700

$700.00 is the interest

Joe has to pay $700.00 in interest.

Hope this helps :D

You might be interested in

Select the correct answer.

krek1111 [17]

Answer: c

Step-by-step explanation: Plato

3 0

2 years ago

Read 2 more answers

Three - fourths of a pan of lasagna is to be divided equally among six people. What part of The lasagna will each person receive

Sonja [21]

4.5 because you do 3/4 of 6 to get ana we

4 0

2 years ago

I need major help. I have a time limit. Please help

inessss [21]

Answer:

what u need help with

cuz I can help u if u need help

8 0

2 years ago

Read 2 more answers

There was 1 liter of water in the water bottle. Tom drank 200 milliliters of water. How many liters of water are left?

Lorico [155]

Answer:

.8 L or 800 ML

Step-by-step explanation:

1000 ML in a L, 1000-200 = 800.

8 0

2 years ago

Read 2 more answers

Please help me solve this problem

Lera25 [3.4K]

Answer:

x ≤ 17

Step-by-step explanation:

This is the same as solving an equation, except instead of and equal sign it's an arrow.

We have to evaluate everything in the parenthesis first.

3x - 2 (x + 1) ≤ 15

3x - 2x - 2 ≤ 15

Next, we combine like terms - x's

3x - 2x - 2 ≤ 15

x - 2 ≤ 15

Combine like terms - constants (add 2 to both sides)

x - 2 ≤ 15

5 0

2 years ago