subject
Mathematics, 28.04.2021 07:00 alizeleach0123

To go on a summer trip, Brian borrows $800. He makes no payments until the end of 5 years, when he pays off the entire loan. The lender charges simple interest at an annual rate of 6%. Answer the following questions. If necessary, refer to the list of financial formulas.

(a) How much total interest will Brian have to pay?

(b) What will the total repayment amount be (including interest)?

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 15:00
The system of equations graphed below has how many solutions? y = 2x + 2
Answers: 1
question
Mathematics, 21.06.2019 17:30
Simplify this expression.2(10) + 2(x – 4) a. 2x + 16 b. x + 12 c. 2x + 12 d. x + 16
Answers: 2
question
Mathematics, 21.06.2019 17:30
Danielle earns a 7.25% commission on everything she sells at the electronics store where she works. she also earns a base salary of $750 per week. what were her sales last week if her total earnings for the week were $1,076.25?
Answers: 3
question
Mathematics, 21.06.2019 19:30
Find the area of the unshaded square
Answers: 1
You know the right answer?
To go on a summer trip, Brian borrows $800. He makes no payments until the end of 5 years, when he p...
Questions
question
Mathematics, 07.02.2022 14:40
Questions on the website: 13722367