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

There are 465 large nails and 285 small nails in a box. How many nails are in the box? 650 640 750 740 Done → My Progress >

The attachment below!!! The height of the prism is 15 inches. Find the volume of the prism.

The chart describes a tax system In this tax system, higher-income earners pay a(n) proportion compared to lower-income earners.

About _% of high school seniors report misusing prescription drugs in the past month. 5 15 25 35

An informal sketch that has a pattern of design

Which sentence from "The Golden Touch" provides the best example of exposition? A. This King Midas was fonder of gold than of anything else in the world. He val

Do you think that they can work together effectively? Why or why not?

The difference between a number m and the product of m and n. Pls help fast!

What secondary color results when you mix red & blue

The graph below shows a proportional relationship between y and x. What is the constant of proportionality, y/x?