lowlytoy513 lowlytoy513
  • 15-06-2020
  • Mathematics
contestada

How much interest is earned on a $5,000 loan at 10% interest for 3 years?

Respuesta :

mhanifa
mhanifa mhanifa
  • 15-06-2020

Answer:

$1500

Step-by-step explanation:

Loan= $ 5000

Interest rate= 10% PA simple

time= 3 years

Interest=?

------

Interest= $5000*3*0.1= $1500

Answer Link

Otras preguntas

Please help me ASAP! Thanks so much! If a deli offers 12 different meats, 5 different cheeses, and 6 different breads, how many different sandwiches can be made
Phillips equipment has 75,000 bonds outstanding that are selling at par. bonds with similar characteristics are yielding 7.5 percent. the company also has 750,0
The metric unit of measurement for weight is ?
what is parallel grammatical construction ? why is it important ?
A 60-year-old man presents with a severe right-sided headache. he is conscious and alert. as you are assessing him, he tells you that the left side of his body
Which country had the most land in North America ?
How were Tibetan bronze sculptures usually created?
i need help. i don’t understand this question .
what is the answer for7/12+ 10/5
coastal plain disadvantages?