chloevanderpool0 chloevanderpool0

01-05-2020
Mathematics

contestada

Henry is buying a boat and is taking out a loan in the amount of $10,000. His choices for the loan are a 5-year loan at 5.00% annual simple interest and a 7-year loan at 6.00% annual simple interest. What is the difference in the amount of interest Henry would have to pay for these two loans?

A) $850

B) $1,700

C) $2,500

D) $4,200
Please answer fast

Respuesta :

Aliwohaish12 Aliwohaish12

02-05-2020

Answer:

B

Step-by-step explanation:

Formula is

Interest=loan ×interest rate×time

Solve for the first choice

I=10,000×0.05×5=2500

Solve for the second choice

I=10,000×0.06×7=4200

The difference in the amount of interest

4,200−2,500=1700

Answer Link

Otras preguntas

I just need to know the answer pls

Which of the following is NOT a known consequence of sleep deprivation? A) increased inflammation and arthritis B)decreased blood pressure C) increase in the

can someone explain this formula M=gr2/G why we put G on the denominator and r2 and g on numerator

Chris made a batter with 7/8 cup of flour, 5/8 cup of milk, 3/8 cup of butter and 3/8 cup of sugar. How many cups of batter did Chris make? Write your answer t

All of the ratios equivalent to 4:2

Solve the system using Gauss-Jordan elimination. Be sure to clearly mark your answer! (8 points) 4r - 2s - 2t = 30 4r 5s 2t = 10 r 4s - 3t = 20

13. Geetha earns 12000 a month, out of which she saves 3000. Find the ratio of her (1) (ii) Savings to her income Expenditure to savings Expenditure to her inco

what is the square of 123?

The following segment of DNA codes a protein. The uppercase letters represent exons, the lowercase letters introns. Draw the pre-mRNA, the mature mRNA and trans

what is radical and how to use it