document.write( "Question 1185352: Miko borrowed $ 25,000 at 10% annual simple interest rate. How much should he pay after 3 years and 6 months?
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Algebra.Com's Answer #816171 by ikleyn(52788)![]() ![]() You can put this solution on YOUR website! .\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "He should pay 25000*(1 + 0.1*3.5) dollars.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Use your calculator to get the numerical value.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "In the formula, 0.1 represents 10% and 3.5 represents 3 years and 6 months (= 3.5 years).\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "------------------\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "To see many other similar (and different) solved problems on simple interest accounts, look into the lesson\r \n" ); document.write( "\n" ); document.write( " - Simple interest percentage problems \r \n" ); document.write( "\n" ); document.write( "in this site.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Learn the subject from there.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |