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Populaire Word Problems >

What is the interest you will pay if you borrowed 120 at 5% interest for 6 years?

Solution

Wha t i s t h e in t eres t yo u w i ll p a y i f yo u b orro w e d 120 a t 5% in t eres t f or 6 ye a rs ?

Solution

Interest : 36

étapes des solutions

Translate the problem into an equation:

I = 120 \cdot 0.05 \cdot 6

Simplifier

I = 120 \cdot 0.05 \cdot 6

Interest : 36

Exemples populaires

Heaven and Jacy both leave the mall at the same time, but in opposite directions. If Heaven travels 7 mph and Jacy travels 11 mph, how long until they are 162 miles apart Find the accumulated value of an investment of 1000 at 7.5% compounded continuously for 6 years.Luca puts 3,000.00 into an account to use for school expenses. The account earns 4% interest, compounded annually. How much will be in the account after 4 years?six less than the product of 7 and a number equals 2.Find odd consecutive odd numbers whose sum is 144