coolroy123aa coolroy123aa
  • 19-02-2020
  • Mathematics
contestada

Mary took out a student loan for $15,000 at 4 simple interest. how much interest will she pay after 10 years

Respuesta :

welltododevon welltododevon
  • 19-02-2020

Answer:

Mary will pay interest of $6000 after 10 years

Step-by-step explanation:

Principal amount P = $15000

Rate of interest R = 4%

Time period T = 10 years

[tex]SI=\frac{PTR}{100} \\SI =\frac{15000 \times 10 \times 4}{100} \\SI=6000[/tex]

Mary will pay interest of $6000 after 10 years

Answer Link

Otras preguntas

Select the statement that accurately describes the muscular system. A. The muscular system is composed of two different types of muscles. B. The muscular system
Which are the three main types of lipids
he table represents an exponential function. What is the multiplicative rate of change of the function? 0.2 0.25 0.5 0.75
After a hypothesis is tested a scientist must do what next ?
30 POINTS Setting up a reward system can help with homework motivation. Design a reward system that incorporates daily, weekly, and monthly rewards
The equation y = 12x describes the amount of money Louis earns, where x is the number of hours he works and y is the amount of money he earns. The table shows t
assume I can see it's a right triangle and giving the condition c equal 2 b equal 45 ,solve for the side lengths of the right triangle
group the programs Johnson created into categories?
answers of properties of water
When consumers and businesses have greater confidence that they will be able to repay in the future, _______________________. The quantity demanded of financial