zxfbdcgj zxfbdcgj
  • 11-02-2015
  • Mathematics
contestada

Mai borrowed $12,000 at 5% interest for 6 years.



What was the total interest Mai paid?



$

Respuesta :

apologiabiology
apologiabiology apologiabiology
  • 11-03-2015
so if it is simple interest then

basically you are looking for the interest paid so
5%=5/100=0.05

assuming that the interest is calculated yearly
(12000 times 0.05) times 6 because 6 years so
if you calculate that out then you get 3600
Mai paid $3600 total
Answer Link

Otras preguntas

Explain how you would find the base area of a rectangle prism if you know the volume and the height
What are the possible values for x in the equation 4x²=641) x=02) x=43) x=4,-44) x=0,4,-4
What are two ways volcanoes can form near converging plate boundaries?
in the westing game, what conclusion did the judge reach concerning mr. and mrs. Theadorakis?
(3x + 2) (2x - 5) = ax² + kx + n . What is the value of a - n + k ?
If f(x) = x² – 3, where x is an integer, which of the following could be a value of f(x)? a. 6 b. 0 c. -6 It would be great if you could add a few words of expl
Why is magma that contains little silica less likely to erupt explosively?
how did supporters view the storming of the bastille
Ship that revolutionized travel during the age of exploration
which are the numbers that are common multiples of 6 and 8.12 18 24 30 40 48