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Calculate simple interest for amounts for one year. Amounts by Rate 7.0% and 9.0% Amounts of Loan Rate = 7.0% Rate = 9.0% $40,000 $ $ $50,000 $ $ $60,000 $ $ $70,000 $ $ $80,000 $ $ $90,000 $ $

Respuesta :

Answer: The formula for simple interest is I=PxRxT. The calculations for each is below.

Explanation: The formula for simple interest is Interest = Principal x Rate x Time. In order solve for each of these variables you need to plug each into the formula.

40,000 x .07 = $2,800

50,000 x .07 = $3,500

60,000 x .07 = $4,200

70,000 x .07 = $4,900

80,000 x .07 = $5,600

90,000 x .07 = $6,300

40,000 x .09 = $3,600

50,000 x .09 = $4,500

60,000 x .09 = $5,400

70,000 x .09 = $6,300

80,000 x 09 = $7,200

90,000 x .09 = $8,100

Answer:

40,000 x .07 = $2,800

50,000 x .07 = $3,500

60,000 x .07 = $4,200

70,000 x .07 = $4,900

80,000 x .07 = $5,600

90,000 x .07 = $6,300

40,000 x .09 = $3,600

50,000 x .09 = $4,500

60,000 x .09 = $5,400

70,000 x .09 = $6,300

80,000 x 09 = $7,200

90,000 x .09 = $8,100

Explanation:

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