Cat2sybadhant Cat2sybadhant

11-01-2016
Mathematics

contestada

Jamerra received a $3,000 car loan. She plans on paying off the loan in 2 years. At the end of 2 years, Jamerra will have paid $450 in interest. What is the simple interest rate on the car loan?

Respuesta :

paigestevens62 paigestevens62

11-01-2016

The interest should be 15% over 2 years. 450/3000=0.15

Answer Link

Аноним Аноним

11-01-2016

Simple Interest = Principle x Rate x Time
450 = 3000 x R x 2
450 = 6000R

6000R/6000 = R
450/6000 = 0.075 = 7.5% Simple Interest Rate

Answer Link

Otras preguntas

HELP WANTED--MALE MEN!! If you are seeking employment, come to Ml. waukee, Wis. Wages $2.50 to $6.00 per day. BORT and lodging reasonable. For further Informati

Read the following description and answer the question below: A talk-radio personality makes a statement blaming society's problems on a certain group of citize

PLEASEHELP!!!!!! Two runners start the race at the same time. The first runner's speed is 4/5 of the speed of the second runner. After 30 minutes, the runners a

The spread of ideas and customs from one society to another is called.

it is a terrible mistake change into exclamatory sentence.it is a terrible mistake change into exclamatory sentence

What do you think is the message of this poster?

help what answer what is the answer helppppppppppp

How can two cells of a complex multicellular organism have the same genome, but markedly different structures and functions

How does groundwater contribute to erosion? Earth science.

Selina and three of her classmates each wrote out the steps for finding an approximate percent change. They all agreed on the first and fourth step: 1. Find the