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 ->  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


   

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(20850) About Me  (Show Source):
Answer by stanbon(75887) About Me  (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
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Interest = Prt
Interest = 950*0.065*2 = $123.50
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Total cost = 950+123.5 = $1073.50
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Cheers,
Stan H.
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