transfergiecek6942 transfergiecek6942

04-05-2021
Mathematics

contestada

Jen owes $75,000 to a lending agency. The debt grows with simple interest at a rate of 6% per year. How much will Jen owe in 5 years

Respuesta :

samuelonum1 samuelonum1

06-05-2021

Answer:

$100350

Step-by-step explanation:

Given data

Principal= $75,000

Rate= 6%

Time= 5 years

The expression for the amount is

A=P(1+r)^t

Substitute

A=75000(1+0.06)^5

A=75000(1.06)^5

A=75000*1.338

A=$100350

Hence the amount is $100350

Answer Link

Otras preguntas

example of onomatopoeia in the seven ages of man

A sound wave of 70 cm travels 840 m in 2.5 sec. What is the velocity and frequency of sound?

Amy raised £n for charity. Chris raised £18 more then any. The mean amount raised by the two of them is £45. Work out how much money each one of them raised

The diameter of a cylinder is 6 feet 6 inches. The height of a cylinder is 12 feet 3 inches. What is the surface area? (feet squared)What is the volume?

What's the other word speaking in circles; round-about speech

What's the word for wandering about; tending to move around, travel

What's the other word a weak or lifeless feeling

What is the highest mountain on each continent?

What's the other word stubborn; inflexible

How do we use the Pythagoras theorem in "everyday life".