SOLUTION: If $13,000 is borrowed at 5.8% simple interest for 10 years, how much interest will be paid for the loan?
Algebra.Com
Question 1110354: If $13,000 is borrowed at 5.8% simple interest for 10 years, how much interest will be paid for the loan?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
I=prt=13000*.058*13=$7540
RELATED QUESTIONS
please help me
An amount of $42,000 is borrowed for 5 years at 8.5% interest,... (answered by Theo)
You take out a loan of $15,000 to purchase a car.
If your loan is for 3 years at a... (answered by Boreal,MathTherapy)
An amount of 23,000 is borrowed for 5 years at 5.75% interest, compounded annually. If... (answered by Boreal)
Please help
An amount of $49,000 is borrowed for 12 years at 7.25% interest,... (answered by ewatrrr)
E-Z-R Loan Agency writes a loan agreement stipulating that $1308 is to be paid for a... (answered by solver91311)
please help me
An amount of $42,000 is borrowed for 5 years at 8.5% interest,... (answered by ewatrrr)
An amount of $15,000 is borrowed for 10 years at 7.75% interest, compounded annually. If... (answered by jorel1380)
An amount of
$33,000
is borrowed for
5
years at
6.75%
interest, compounded... (answered by Boreal)
An amount of $48,000is borrowed for 13 years at
8% interest, compounded annually. If... (answered by rfer)