slohberger2019 slohberger2019
  • 12-04-2021
  • Mathematics
contestada

Interest rates are expected as a percentage of

Respuesta :

abennett2021 abennett2021
  • 12-04-2021

Answer:

the principle amount

Step-by-step explanation:

I don't know how to explain it without an analogy so...

If a loan is charging a  10% interest amount of a $120 loan than the interest would be $12.

You multiply the interest rate by the total amount and that's how you find the amount of money you make off of interest.

(The total amount and principle amount are the same thing)

Answer Link

Otras preguntas

y'all i need ur help.ill brainlist whoever gets this right. lets see who does.Ben is pair overtime at time and a half. his normal rate or pay is $28 per hour.
the Hamilton eighth-grader took a trip to Myrtle beach. They drove a speed of 60 miles per hour. The trip was 570 miles. Write and Solve the equation to determ
draw the graph of functions y=x^2(x-2)​
Who, overall, do you believe was Hamilton's biggest political rival? (I just want to see what people think, as I myself sometimes question this lol)
Find X Y and Z for brainliest
Which is an example of pioneer species
I need helppppp!!!!!!!!!
The orbit of a comet in a video game can be defined by the equation StartFraction (x minus 56) squared Over 150 EndFraction + StartFraction (y minus 28) squared
Writing practice Informal letter Situation : Your friend Alex suffers from Asthma , and he is following a strict recovery medical plan , but sometimes he gets
what type of energy moves through wires