Ren took a personal loan for 10,000 to pay for a family vacation. It has a fixed simple interest rate of 12.85% and he has 3 years to pay it back. How much interest will he have to pay? (I=PRT)

Solución

Ren took a personal loan for 10, 000 to pay for a family vacation. It has a fixed simple interest rate of 12.85% and he has 3 years to pay it back. How much interest will he have to pay? \left(I=PRT\right)

Solución

Interest : 3855

Pasos de solución

Translate the problem into an equation:

I = 10000 \cdot 0.1285 \cdot 3

Simplificar

I = 10000 \cdot 0.1285 \cdot 3

Interest : 3855

Ejemplos populares

Six times the difference of a number and seven, is thirteen In ordenar to pay for college, the parents of a child invest 10,000 in a bond that pays 6% interest compounded semiannually. How much money will there be in 17 years? Round your answer to the nearest cent.Kylie invested 290 in an account paying an interest rate of 2.5% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest tenth of a year, for the value of the account to reach 390?a man gives two apples to his friend. he remains with 4 apples. How many did he have to begin with Julieta went shopping for a new phone. Sales tax where she lives is 7%. The price of the phone is 29. Find the total price including tax. Round to the nearest cent.