williamgriffith2010 williamgriffith2010

24-10-2021
Mathematics

contestada

Consider the following two loans for P=$12,000.

Loan A: 5 year loan, annual interest rate of 5%.
Loan B: 3 year loan, annual interest rate of 8%.

Respuesta :

krishtinatulachan02 krishtinatulachan02

24-10-2021

Answer:

Simple interest-?

Step-by-step explanation:

P= 12000

T=5yrs

R=5%

Now,

Simple interest - PTR/100

= 12000*5*5/100

= $3000

Again,

P=12000

T=3yrs

R=8%

Now,

Simple interest - PTR/100

= 12000*3*8/100

= $2880

Hope this helps.

Answer Link

Otras preguntas

What changes in employment relationships are likely to occur as the population ages

Solve this system by elimination. 3x+4y=5 -5x-4y=-11

√48a^4 b^5 c^3 d simplify and keep it in radical form

Which of the following statements is true regarding the Korean War? A. Stalin was outraged by the North Korean attack on South Korea. B. The Chinese armed and t

You recently received your verizon wireless phone bill for the month. The total is $70.52. Included in that total is $13.27 in surcharges and taxes. What percen

jasmine took a cab home from her office. the cab charged a flat fee of $4, plus $2 per mile. Jasmine paid $32 for the trip. How many miles was the cab ride?

You make 72 cookies for a bake sale.this is 20%of the cookies at the bake sale.how many cookies are at the bake sale?

how do you find the amount of 12 dogs decreased by 25%

How did the Dutch extract raw materials from their colonies in the East Indies?

Enter the molecular formula for butane, C4H10. express in a chemical formula