SOLUTION: a bank in houston loans $50,000 to a business at 13.5% annual simple interest for 12 months. How much interest will the bank earn

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: a bank in houston loans $50,000 to a business at 13.5% annual simple interest for 12 months. How much interest will the bank earn      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 941437: a bank in houston loans $50,000 to a business at 13.5% annual simple interest for 12 months. How much interest will the bank earn
Answer by TimothyLamb(4379) About Me  (Show Source):
You can put this solution on YOUR website!
50000*(13.5/100) = 6750
---
Free algebra tutoring live chat:
https://sooeet.com/chat.php?gn=algebra
---
Solve and graph linear equations:
https://sooeet.com/math/linear-equation-solver.php
---
Solve quadratic equations with quadratic formula:
https://sooeet.com/math/quadratic-formula-solver.php
---
Solve systems of linear equations up to 6-equations 6-variables:
https://sooeet.com/math/system-of-linear-equations-solver.php
---