26-01-2021
Mathematics

contestada

Alicia borrowed $3,000 from the
bank at a rate of 12% simple
interest per year. How much
interest did she pay in 4 years?
( STEP BY STEP EXPLANATION PLEASE )

Respuesta :

beckycantdomath beckycantdomath

26-01-2021

answer: 1,440

explanation: multiply the loan/principal by the rate and amount of years

**remember to turn the rate into a decimal, then multiply

**12% = 0.12

3000 x 0.12 x 4 = 1,440

1,440 = simple interest

Answer Link

Otras preguntas

I just need (C) nothing else but C If you can do it you are amazing!

Daniel Webster insisted that the national government had been created by an agreement between sovereign states, each of which retained the right to prevent the

Which one please help me

a machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours. WHat is the amount of depreciation

How to calulate what percentage a number is of a larger number

After finishing his paragraph about the upsurge of sales of blue jeans for six-month-old babies, Roger created a set of pie charts to demonstrate the dramatic

a number multiplied by 1/2 is -5/12

What is the value - 3/2 ( 24 - 5 1/4 ) ? A) - 44 B) - 41 1/3 C) - 28 D) 30 2/3

A particle of mass m=5.00 kilograms is at rest at t=0.00 seconds. a varying force f(t)=6.00t2−4.00t+3.00 is acting on the particle between t=0.00 seconds and t=

An increase in the price level will A. shift the aggregate demand curve to the left. B. move the economy up along a stationary aggregate demand curve. C. move t