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

The area of a square is defined by, A(x) = x 2 - 6x + 9. What is the length of a side of the square?

Which intermolecular force or bond is primarily responsible for the solubility of cl2 in ccl4?

PLEASE HELP -- 20 points Which sentence is written in compliance with the guidelines for commas? Read the passage. Commas with Appositives When a sentence

The absence of children in largely all-male chinese immigrant communities meant that

a small shrimp taco has 5 shrimp. There are 3 times as many shrimp in a large taco. How many shrimp are in a large taco? Write an d solve an equation to find th

PLEASE MATH HELP WILL GIVE BRAINLIEST Solve for x. Enter your answer in the box.

why is -3 1/8 a rational number

why did the Portuguese trading empire fall apart by the year 1500

What was a major foreign policy goal of the United States during the first half of the 1800s

Spongy bone contains needle like threads of bone known as