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Justin borrowed 5,000 at 5% annual interest rate. if he decided to pay after 1 year and 3 months how much should he pay then? ​

Answers

  • Réponse publiée par: enrica11

    5,312.50

    Step-by-step explanation:

    Interest = principal×rate×time

    I = Prt

    1 yr 3 months = 1 and 3/12 = 1 and 1/4 = 1 and 0.25 = 1.25 years

    I = (5000)(5%)(1.25)

    I = 312.50

    Total payment at the end of 1 year 3 months = P + I

    = 5000 + 312.50

    = 5,312.50

  • Réponse publiée par: snow01
    Multiplication property of equality states that the number can be multiply by any number.

    ~reign40
  • Réponse publiée par: camillebalajadia

    i'm confused with your question, first of all it seems that your statement is missing a little details, like how many dogs she's walking? but if that's not the case and your teacher tells you that you can put any number of dogs then here's the equation.

    a-number of dogs

    b-number of how much she earns

    c-number of times she does this

    a×b×c=n

    ex.

    3×5×2=30 -jane earns 30 dollars just by walking 3 dogs on the weekends.

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Justin borrowed 5,000 at 5% annual interest rate. if he decided to pay after 1 year and 3 months how...