Animeweeb07 Animeweeb07
  • 16-12-2020
  • Mathematics
contestada

Austin borrowed $3000 from the bank at a rate of 2.25% simple interest per year. How much total did he have to pay back after 5 years?

Respuesta :

Аноним Аноним
  • 16-12-2020

Answer:

Austin will have to pay $33,750 for the simple interest.

Step-by-step explanation:

2.25% into decimal = 0.0225

0.0225 x 3000 = 6750

6750 x 5 = 33750

Answer Link

Otras preguntas

26cm/s=m/min how do you get the answer
what are examples for a rate
What is the greatest common factor of 14 and 28
Who was the Soviet leader during both the Eisenhower and Kennedy presidencies?
Longshore currents form because _____. A. waves hit the coast at an angle and form currents in the surf zone B. beaches absorb waves and backwash in some area
What are the opposites of 3, 7.5 and -2 2/3?
Is 85 prime or composite
I cant figure out what 14/15 - 7/12 is. I have tried for 30 minutes and I cant figure it out.
What is 5.6 × 10^−3 yd/year in feet per day?  A.6.813 × 10^−7  ft/day  B.6.132 × 10^−6  ft/day  C.5 × 10^−6  ft/day  D.4.6 × 10^−5  ft/dayPlease explain the ans
26cm/s=m/min how do you get the answer