superstar600
superstar600 superstar600
  • 09-06-2018
  • Mathematics
contestada

If you borrow $100 for 3 years with an annual interest rate of 9% how much will you pay altogether.

Respuesta :

Excalibur0126
Excalibur0126 Excalibur0126
  • 09-06-2018
[tex]100(1.09)^3=129.5029[/tex] or $129.50

Answer Link
Аноним Аноним
  • 09-06-2018
Here we have o find simple interest ( SI )

SI = P x R x T / 100
P = $100
R = 9
T = 3

SI = 100 x 9 x 3 / 100
= 2700 / 100
= 27 for the 1st year

For 3 years 27 x 3
= 81
So 181 is what you have to pay altogether.
Answer Link

Otras preguntas

a lamp rated 100w 220 v is connected to mains electric supply . what current is drawn from the supplyy line, if the voltage is 220 v?
How long does it take to change a flat plain into mountains?
When magnesium burns in Cl2 , it forms magnesium chloride.Which element is reduced?
How do three states of matter arise?
How do three states of matter arise?
Name the physical quantity which changes contenously during uniform-circular motion.
x-y+z=-4 3x+2y-z=5 -2x+3y-z=15 How do I solve this?
How long does it take to change a flat plain into mountains?
What is pericardium. Name the instrument used to measure blood pressure .
Name the physical quantity measured by the area under velocity time graph?
good job