charlotteharris76 charlotteharris76
  • 17-02-2021
  • Mathematics
contestada

Chris borrows £6000 at a simple interest rate of 10% per year.
He pays the money back after 4 years.
How much does he pay back in total?

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 18-02-2021

9514 1404 393

Answer:

  £8400

Step-by-step explanation:

The amount due after t years is ...

  A = P(1 +rt)

  A = £6000(1 + 0.10·4) = £6000·1.40

  A = £8400

Chris pays back £8400 in total.

Answer Link

Otras preguntas

Read the excerpt from "An Occurrence at Owl Creek Bridge." Then all at once, with terrible suddenness, the light about him shot upward with the noise of a loud
Which one of the following statements about making your writing fun to read is correct?        A. The conversation you write must sound natural for the chara
Which mixed number is equal to 6.5?
Select the statements that are true of the 1824 presidential election. a.Henry Clay became Vice President. b.Andrew Jackson had the greatest popular vote but no
Substitution method for y = - x + 1 and 2x - y = 5
What is the perpendicular for x+4y= -2
Which became president after lincolns assassination, he was also impeached during his presidency but not convicted?
Evaluate the function f(x) = 2x – 2, when x = –1. –4 –3 0 4
if the mass of one or two spheres increases, how does it affect the gravity between the two spheres?
prove that Sn-Sn-1=tn