murphyzoo1920 murphyzoo1920
  • 21-06-2020
  • Mathematics
contestada

A loan of $8 000 was repaid in 2 years in
monthly payments of $400.00. The interest
on the loan, as e percentage, was?
​

Respuesta :

TheLazyNobita
TheLazyNobita TheLazyNobita
  • 21-06-2020

Answer:

P = 8000

t = 2

I = p × r × t

400 = 8000 × r/100 × 2

r = 400/160 per year

r = 40/16 = 2.5 %

Answer Link

Otras preguntas

What was the main idea behind the Federalist Papers? Support of states' rights Support of the Bill of Rights Support of a strong federal government Support of t
What is the weighted average atomic mass of an element?
An autobiography is often ____ towards historical events, since it is one individual's personal perspective. 1.) monitored2.) subjective 3.) crucial 4.) evidenc
Which of these can a worksheet within a spreadsheet contain? A. a chart B. data C. multiple charts D. all of these
If y varies inversely as x, and y = 5 as x = -2, find y for the x-value of 3.
Constantine insisted that the Roman Empire remain pagan true or false
A number x is less than 8
What is sexual reproduction and asexual reproduction in plants?
Major lamndforms for Louisiana
rin is writing about the history of sonnets. Which is a fact Erin can include in her history? Shakespeare was the first to create poetry as a sonnet. Shakespear