Answer:
Step-by-step explanation:
Alice borrowed 16700 from the bank at a simple interest rate of 9% to purchase a used car. It means that the interest is not compounded. Simple interest is usually expressed per annum. The formula for simple is
I = PRT/100
Where
I = interest
P = principal(amount borrowed from the bank)
R = 9% ( rate at which the interest is charged
T = number of years
At the end of the loan,she had paid a total of 24215. This means that the interest + the principal = 24215
Therefore,
The interest = 24215 - 16700 = 7515
Therefore
7517 = (16700 × 9 × t)/100
751700 = 150300t
T = 751700/150300
T = 5 years
Converting 5 years to months,
1 year 12 months
5 months = 12 × 5 = 60 months
Step-by-step explanation:
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Answer:
10%= 40$ 30%=120$
Step-by-step explanation:
ok so u earn 400$ at a yard sale. you divide it by 100 400/100=4. ok so then you multiply four by 10=40 and that is 10% multiply it by 30 u get 120 or 30%
sorry for the bad spelling
Answer:
it would be the last option
Step-by-step explanation:
2.8M/(365x24x60)=wonder why you need this