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Populaire Word Problems >

Determine the simple interest for this loan-round your answer to the nearest cent:8,942.75 at 2.70% for 28 years.

Solution

De t er min e t h e s im pl e in t eres t f or t hi s l o an - ro u n d yo u r an s w er t o t h e n e a res t ce n t : 8, 942.75 a t 2.70% f or 28 ye a rs .

Solution

Interest : 6760.719

étapes des solutions

Translate the problem into an equation:

I = 8942.75 \cdot 0.027 \cdot 28

Simplifier

I = 8942.75 \cdot 0.027 \cdot 28

Interest : 6760.719

Exemples populaires

8.25% of what number is 7.26 the dog has 5 apples then looses 3 how many does he have nine less than twice a number is 15 a number is at least-17 Carson invested 850 in an account paying an interest rate of 5.7% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 6 years?