contestada

Adam borrowed $5,600 from the bank. The bank charges 4.2% simple interest each year.

Which equation represents the amount of money in dollars, x, Adam will owe in one year, if no payments are made?

x=5,600+5,600(42)(12)
x=5,600+5,600(0.042)(1)
x=5,600+5,600(42)(1)
x=5,600+5,600(0.042)(12)

Respuesta :

MrRoyal

Answer:

[tex]x = 5600 + 5600 * 0.042 * 1[/tex]

Step-by-step explanation:

Given

[tex]P = 5600[/tex] -- Principal

[tex]R = 4.2\%[/tex] -- Rate

[tex]T = 1[/tex] -- Time

Required

The amount (x) to be paid

This is calculated as:

[tex]x = P + I[/tex]

Where:

[tex]I = PRT[/tex]

So, we have:

[tex]x = 5600 + 5600 * 4.2\% * 1[/tex]

Express percentage as decimal

[tex]x = 5600 + 5600 * 0.042 * 1[/tex]

(c) is correct