Ask Question
3 October, 09:09

Linda Young opened up a computer service company. To pay for start up cost Linda borrowed $79,000 from a bank at 15% for 1 year. Find the interest for the year

+1
Answers (1)
  1. 3 October, 12:36
    0
    Interest=Principal*Rate*Time

    I=PRT/100

    I = 79000*15*1

    100

    I = 1185000

    100

    I = $11850

    To confirm

    11850/79000 : 100

    = 0.5 * 100

    = 15% (rate)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Linda Young opened up a computer service company. To pay for start up cost Linda borrowed $79,000 from a bank at 15% for 1 year. Find the ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers