L9olaLumbreneec
L9olaLumbreneec L9olaLumbreneec
  • 06-05-2016
  • Mathematics
contestada

How much interest will be paid in 1 year for a loan of $4500 at 7 1/2% simple interest?

Respuesta :

jonathan64 jonathan64
  • 14-05-2016
The answer is $337.50 paid. We would change 7 1/2% (7.5%) to its decimal form which is .075. Then we would multiply that by $4,500 which would get $337.5 or $337.50 which is the same thing. Hope this helped! 
Answer Link

Otras preguntas

a passbook saving account has a rate of 6%. find the effective annual yield, rounded to the nearest tenth of a percent, if the interest is compounded a. semianu
7. What's the equation of the line that passes through the points (-8,4) and (0,22)?
Some families need a little time to _from stressful events. adjust to changes avoid developing mental illness reject the changes none of the above
39.) 6 yards = _feet​
What is Thomas Wolsey Title in society?​
If you roll two four-sided dice (numbered 1, 2, 3, and 4), what is the probability that the sum of the dice is 3?
Who are the united states supreme court justices?
How do you do this question?
How much would you pay for 2.5 ounces of gold at the price of $1200 per ounce
which best describes the area where the story takes place ?