sofiandreagarcia
sofiandreagarcia sofiandreagarcia
  • 01-04-2022
  • Mathematics
contestada

Olivia borrowed $5,000 for 5 years at 5% simple interest.

Respuesta :

suphultamang
suphultamang suphultamang
  • 01-04-2022

Answer:

The answer is $1250

Step-by-step explanation:

Solution,

Principle (P) = $ 5,000

Time (T) = 5 years

Rate(R) = 5 %

Simple Interest (I) = ?

Now,

We have,

Simple Interest (I) = P×T×R/ 100

= 5,000×5×5/100

= $1250

Answer Link

Otras preguntas

Which of the following are factors that might influence a person's political opinions?
Which was a result of the War of 1812? A. New Orleans was returned to French control after a victory by Napoleon's army. B. Americans voted President James Madi
PLEASE HELP I GIVE THANKS
what is 0.123 rounded to the nearest tenth
Lisa has a certain amount of money. She spent 39 dollars and has 3/4th of the original amount left. How much money did she have originally
Is the word "closely" an adverb or adjective
-3(4v+1)-3(2v+3) how do you simplify
salt marshes are primarily influenced by
Which of the following are factors that might influence a person's political opinions?
The sum of two consecutive integers is less than 83. Find the pair of integers with the greatest sum.