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

Why can't we change the subscripts in balancing chemical equations?
What does compris mean in French ???
what were the four main causes of the Cold War
How many corners are in a rectangle and how many flat faces
What percent is 150 sq ft of 3000 sq ft
Which of the following factors does not favor a change in gene frequency and, therefore, evolution? (A) large populations (B) mutations (C) emigration (D) genet
You hear a thunder 3 seconds after you see lightning. How far away is the storm?
what is 89 divided by 6 in long divison
does gas have as definite or indefinite volume
What is 9-4(2p-1)=45?