nsudgdudkjehrieok nsudgdudkjehrieok

13-03-2021
Mathematics

contestada

The simple interest owed on a loan of $5,600 after 4 years is $1,008. What percent represents the annual interest rate on the loan?

Respuesta :

sqdancefan sqdancefan

15-03-2021

9514 1404 393

Answer:

4.5%

Step-by-step explanation:

The interest is given by ...

I = Prt . . . . interest at annual rate r for t years on principal P

1008 = 5600r·4

1008/22400 = r = 0.045 = 4.5%

The annual interest rate on the loan is 4.5%.

Answer Link

Otras preguntas

The number of children in the library was 3 times the number of adults. The total number of people at that library was 48. How many children were at the library

using exactly four 4's and any operations[ ,-,x,/,()] write an expression to equal each of the following: 1 2 3 4 5

Factor completely 9xy + 36x − 10y – 40. Prime (y − 4)(9x − 10) (y + 4)(9x + 10) (y + 4)(9x − 10)

How did Porfirio Díaz change the direction of government in Mexico?

Which was NOT a reason the North began to lose interest in the Southern Reconstruction by the early 1870s? (a) Southern intransigence was increasingly frustrati

Which of the following is the general form of the equation 5x2 - 20x = 15? x2 - 4x = 3 x2 - 4x - 3 = 0 5x2 - 20x - 15 = 0

In what ways did the cultural development of vietnam resemble that of korea

Which of the following words suggests a point of view? a. Face b. World c. Society d. Objective

Write the explicit formula that represents the geometric sequence -2, 8, -32, 128

Factor completely 9xy + 36x − 10y – 40. Prime (y − 4)(9x − 10) (y + 4)(9x + 10) (y + 4)(9x − 10)