WinxClubcharact WinxClubcharact

04-05-2017
Mathematics

contestada

Tom borrowed $35,000 to remodel his house. At the end of the 5-year loan, he had repaid a total of $46,375. At what simple interest rate did he borrow the money?

Respuesta :

tayyrenee21 tayyrenee21

04-05-2017

46,375=35,000+5m

46,375-35,000=11,375

11,375/5=2,275

2,275/35,000=0.065

this means over the course of 5 years, tom payed 0.065% interest for the 35,000 loan

Answer Link

Otras preguntas

At the concession stand of a school foot ball game, sandwiches cost $1.50 and a bottle of water costs $.90. The school sells 40 sandwiches and 80 bottles of wat

What steps did president Wilson have to take to make an official declaration of war?

find an equation of the tangent line to the circle x^2 +y^2=24 at the point (-2 square root 5, 2).

How do you pronounce the letter "X" in Spanish?

names is often given to the journey of africans who were brought to the americas as slaves?

Simple Machine Lever: A ________ that pivots on top of a fixed point called a _______.

how many rectangular prism can you make out of 20 snap of cubes

What is 0.75 as a fraction in simplist form

Factor the polynomial 6b^2-17b+10

what is 1/9 of 60 equal