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?
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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! :)
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OpenStudy (anonymous):
ur welcome :D
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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
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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 :)
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