Blake1053 Blake1053

01-02-2017
Business

contestada

$1500 at 12% interest for two years

Respuesta :

mun52022 mun52022

01-02-2017

1500*.12*2= $360 in interest
Total 1860 by the end of 2 years

Answer Link

mckennasage mckennasage

01-02-2017

First, convert 12% into a decimal. 12/100 = 0.12
1500*0.12 = 180. 1500+180 = 1680.
so it's 1,680 the first year.
1,680*0.12 = 201.60
1,680 + 201.60 = 1881.6
so 1,881.60 the second year!

So answer is, $ 1,881.60

Answer Link

Otras preguntas

Who invented first telephone

How can you find the Mean Absolute Deviation? HELP AFAP

Write the complete balanced equation for the reaction between CaCO3 and KCI

What was the main goal of the settlement house movement?

There are 15 people in the drama club, and they chose shirts that are $7 each. The total cost for the shirts was $150. Write an equation whose solution is the p

Define mechanical advantage in terms of input force and output force

25% in a fraction and decimal

Determine the intercepts of the line 9x-7y=14

how many different climate zones does South Asia have

The height of a rocket a given number of seconds after it is released is modeled by h(t)=16t^2+32t+10. What does t represent