# SOLUTION: I have done 7/10 of my homework. I will submit each one separately. The answers are randomized on the back, but it seems as if they aren't correct. 1073.50, 19, 6.995 find th

Algebra ->  Algebra  -> College  -> Linear Algebra -> SOLUTION: I have done 7/10 of my homework. I will submit each one separately. The answers are randomized on the back, but it seems as if they aren't correct. 1073.50, 19, 6.995 find th      Log On

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 Click here to see ALL problems on Linear Algebra Question 643882: I have done 7/10 of my homework. I will submit each one separately. The answers are randomized on the back, but it seems as if they aren't correct. 1073.50, 19, 6.995 find the total cost of a sofa if the ticket price was \$950 and the funiture store set up a simple interest loan for 2 years with an interest rate of 6.5%. I tried I= 950 times .065 times 2 Found 2 solutions by MathLover1, stanbon:Answer by MathLover1(6801)   (Show Source): Answer by stanbon(57940)   (Show Source): You can put this solution on YOUR website!find the total cost of a sofa if the ticket price was \$950 and the funiture store set up a simple interest loan for 2 years with an interest rate of 6.5%. I tried I= 950 times .065 times 2 ----------------------------------------- Interest = Prt Interest = 950*0.065*2 = \$123.50 ---- Total cost = 950+123.5 = \$1073.50 ==================================== Cheers, Stan H. ===============