SOLUTION: A bank lends out $9000 at 7% simple intrest. At the end of 1 year, how much interest is owed on the lone?
I solved this problem like this: I =PRT
=(9000)(.07) (1)
=630 IS TH
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-> SOLUTION: A bank lends out $9000 at 7% simple intrest. At the end of 1 year, how much interest is owed on the lone?
I solved this problem like this: I =PRT
=(9000)(.07) (1)
=630 IS TH
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Question 263510: A bank lends out $9000 at 7% simple intrest. At the end of 1 year, how much interest is owed on the lone?
I solved this problem like this: I =PRT
=(9000)(.07) (1)
=630 IS THE INTEREST OWED ON THE LONE AT THE END OF THE YEAR.
Is this answer correct? Please let me know. Answer by stanbon(75887) (Show Source):
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