26-01-2021
Mathematics

contestada

Alicia borrowed $3,000 from the
bank at a rate of 12% simple
interest per year. How much
interest did she pay in 4 years?
( STEP BY STEP EXPLANATION PLEASE )

Respuesta :

beckycantdomath beckycantdomath

26-01-2021

answer: 1,440

explanation: multiply the loan/principal by the rate and amount of years

**remember to turn the rate into a decimal, then multiply

**12% = 0.12

3000 x 0.12 x 4 = 1,440

1,440 = simple interest

Answer Link

Otras preguntas

You are trying to sell a new product to a store owner. Which method of presentation is likely the most effective? A. a chart showing how sales will go up if th

If Adam from the bible was 930 when he died, how old was Eve

Please help pic below URGENT

Carbohydrates, fats, proteins: These organic molecules ALL have this element in common. This element can form multiple bonds, and it bonds with other elements a

Which of these measures did Americans fear was likely to lead to nuclear war with the Soviet Union? A. U.S. spy flights over Cuba B. Cuban refugees coming to th

i have the same hundreds digit as ones digit the value of my tens digit is 50 the value of my ones digit is 4 what is my 3 digit number

Suppose you have 192 in groups of 15 marbles each. Find the number of groups of marbles that you have. Write the quotient with the remainder written as a fracti

The value of the number 7 in 2, 710 is times the value of 7 in 1,070

Which of the following invention and inventor are credited with changing the nature of commerce and news in the first half of the nineteenth century? A. Printin

Which of the following describes this line from the little brown bat's poem about the owl, "The owl goes back and forth inside the night"? A. It is written in i