Mathematics: The total interest on a 5 year 5.2% loan with a principal of $10,000 is 10,000 × 0.052 × 5 = $2,600. True or False?

The total interest on a 5 year 5.2% loan with a - id55211572669, thejusticeleaf

dodsonh16

01.03.2021

True

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 5.2%/100 = 0.052 per year,

then, solving our equation

I = 10000 × 0.052 × 5 = 2600

I = $ 2,600.00

The simple interest accumulated

on a principal of $ 10,000.00

at a rate of 5.2% per year

for 5 years is $ 2,600.00.

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andy18973

28.07.2020

P=32cm
A= 64cm^2

Step by Step

Formula(Perimeter): P=s+s+s+s
S=side P=perimeter
P=8*4
P=32

Formula(Area for Square): A=s^2
A=Area s=side
A=8^2
A=84

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