guzmanbrandon396 guzmanbrandon396

11-08-2020
Mathematics

contestada

Frank obtained a simple interest loan from his bank for 20,000 at a 7.5% interest rate over a 4 year loan term. What will be franks total repayment amount over the life of the loan?

Respuesta :

oscar236 oscar236

11-08-2020

Answer:

$26,000.

Step-by-step explanation:

Interest I = PRT/100

= 20000* 7.5*4 / 100

= 6000

So his total repayment = $26,000.

Answer Link

Otras preguntas

3 ( 4d + 1 ) - 9d = 6 - 2d

A light plane flew from its home base to an airport 255 miles away. With a head wind, the trip took 1.7 hours. The return trip with a tail wind took 1.5 h

how have computers changed mapmaking in recent years

on sara's computer, 3/8 of the hard drive is files. Of the files, 1/6 are games . What part of the hard drive is games?

What were the 4 major truths Jefferson presented in the declaration of independence?

10u + 7 = 8 ( 2u - 4 ) - 9

A light plane flew from its home base to an airport 255 miles away. With a head wind, the trip took 1.7 hours. The return trip with a tail wind took 1.5 h

how have computers changed mapmaking in recent years

what are three ways water erodes the surface of earth

A snowball is launched horizontally from the top of a building at v = 16.9 m/s. If it lands d = 44 meters from the bottom, how high (in m) was the building?