Calculate the loan for $10,000, at an annual percentage rate of 5%, for a term of 5 years. What is the amount of accrued interest?
Principal - $10,000.00
Rate - 5%
Time - 5 years
Hint: Use the simple interest formula to calculate the interest amount.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Calculate the loan for $10,000, at an annual percentage rate of 5%, for a term of 5 years. What is the amount of accrued interest? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A motor boat takes 4 hours to travel 128 miles going upstream. The return trip takes 2 hours going downstream. What is the rate of the boat in still water and what is the rate of the current?
Answers (1)
Jesse takes his dog and cat to the vet. Jesse's dog weights 23 pounds. the vet tell him his cat weights 5/8 as much as the dog. How much does the cat weight
Answers (1)
A baker is making bread rolls. He divides his dough into 8 equal pieces. He then cuts each one of these pieces into three, each of which is a single bread roll. He sells the rolls in bags of 4.
Answers (1)
Solve the in quality x plus 1<7
Answers (1)
Bonnie has a container in the shape of a rectangular pyramid. The formula for the surface area of the enclosed space is S = lw + 0.5Ph. Solve for P. P = S - lw - 0.5h P = S + lw + 0.5h P = The quantity S minus l times w all divided by 0.
Answers (1)
New Questions in Mathematics
What is the common ratio in the geometric sequence? 1, 9, 81, 729, Answers below 8 9 72 648
Answers (1)
How do u solve 2x + 22 = 12
Answers (1)
Martin has 4 cups of sugar. To make his favorite muffin she needs 1/3 cup of sugar per tray. How many trays of muffin can he make?
Answers (1)
A woman's weekly salary is increased from $350 to $380. The percent of increase is most nearly
Answers (1)
Jessica purchased a DVD that was on sale for 12% off the sales tax in her county was 3% let Y represent the original price of the DVD write an expression that can be used to determine the final cost of the DVD
Answers (1)