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

What’s the area of this shape

Help ASAP pleaseeee!

"One of our longstanding cross-functional teams is being led by Ingrid. She is very knowledgeable and highly organized, so we would like to keep her in a leader

How do you find the mean length

HELP PLEASE NEED IT RN! The probability of a spinner landing on a blue section is 14 . What is the probability that the spinner will land on a section that is

50 + 6b = 86 help pls

In 1973 how did the US monetary (financial) system change?

Whích best explains how the Senate affects the powers of the president? The Senate must approve many presidential actions, The Senate often has more powers than

which consideration must be addressed when deciding for whom to produce

A recipe for cupcakes calls for 4 4/9 cups of sugar. brenda accidentally put in 5 1/6cups. How many extra cups did she put in?