von1144
13.05.2021 •
Mathematics
Mark is going to purchase a $9,000 motorcycleHis bank will finance his purchase through an add-on interest loan. They will charge Mark 7% interest over 5 years How much in interest ?
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Ответ:
The interest to be charged is $ 3,150.
Step-by-step explanation:
Since Mark is going to purchase a $ 9,000 motorcycle, and his bank will finance his purchase through an add-on interest loan, and they will charge Mark 7% interest over 5 years, to determine how much in interest will be charged, the following calculation has to be done:
9000 x 0.07 x 5 = X
630 x 5 = X
3150 = X
Therefore, the interest to be charged is $ 3,150.
Ответ:
20
Step-by-step explanation: