Question

Tonya took out a loan to help pay for her house. She borrowed $60,000 for 15 years at a yearly simple interest rate of 5%. How much interest will she end up paying the bank?

$450,000
$450
$45,000
$9,000

Answer 1

@gigi2002 @iGreen.

Answer 2

i think c

Answer 3

it is c because you have to multiply all of the numbers. when you do that you end up with c.

Answer 4

Maybe C is correct..I'm not sure.

@ganeshie8 @dan815 @waterineyes

I don't know how to do this problem, can any of you teach me?

Answer 5

ok thank you

Answer 6

you are welcome

Answer 7

it was c thanks

Answer 8

any time

Answer 9

\[Simple \; \; Interest = \frac{Principle \times Rate \times Time}{100}\]

Answer 10

August hosted two dinner parties for his friends. Twenty guests attended the first party, and twenty-nine guests attended the second party. What is the percentage increase of the number of guests from the first party to the second party?

45%
30%
55%
70%

this one i think b

Answer 11

Time should be in years..

Answer 12

thx guys

Answer 13

Are you getting @iGreen. ??

Answer 14

Oh..

So it's (60,000 * 15 * 0.05)/100 ?

Answer 15

No..

Answer 16

Do not convert Rate into fractions.. Rate = 5..

Answer 17

Oh..it's just 5?

Answer 18

Ah, I see

Answer 19

Thanks so much :)

Answer 20

Getting 45,000??

Answer 21

Yep

Answer 22

\(\dagger\)

Answer 23

Or we can just convert the rate to a decimal right?

Answer 24

And then multiply..'cause I get 45,000 too

60,000 * 15 * 0.05

Answer 25

yes, you can do so.. :)

Answer 26

Oh, okay..thanks a bunch.

I just medal'ed you and @CRAZYRVBGRIF

Answer 27

@iGreen. ^_^ can u check my newest question