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Mathematics 7 Online
OpenStudy (anonymous):

se the simple interest formula, I = prt, to find the simple interest: Ken borrowed $6,000 for 4 years at a rate of 7% simple interest per year. How much interest will Ken have to pay after paying back the borrowed amount?

OpenStudy (anonymous):

just substitute the values

OpenStudy (mathstudent55):

You have the formula, so just use 6000 for p, 0.07 for r, and 4 for t. Multiply it all out. What do you get?

OpenStudy (anonymous):

I = prt = 6000 * 0.07 *4

OpenStudy (anonymous):

Thank you! :) |dw:1394486736801:dw|

OpenStudy (anonymous):

ur welcome :D

OpenStudy (anonymous):

Yeah I=prt 6000 times 0.07 times 4= your answer what do you think the answer is... why don't I just tell you... for a medal and a fan

OpenStudy (anonymous):

@KristopherL are you there?

OpenStudy (anonymous):

ya im here

OpenStudy (anonymous):

i already got the answer thanx tho :)

OpenStudy (anonymous):

done and done

OpenStudy (anonymous):

oh thanks

OpenStudy (anonymous):

whats answer to make sure i was right?

OpenStudy (anonymous):

math isnt my forte

OpenStudy (anonymous):

1680 is the correct answer

OpenStudy (anonymous):

tanx i was right :)

OpenStudy (anonymous):

cool good job

OpenStudy (anonymous):

cya

OpenStudy (anonymous):

bye

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