Register
A farmer borrowed $7200 for 3 months at 10% interest. How much interest will the farmer pay on the loan?
153k views
5 votes
A farmer borrowed $7200 for 3 months at 10% interest. How much interest will the farmer pay on the loan?

User Christopher Klein
by
7.0k points

1 Answer

1 vote
he will pay the 10% of $7200, and that is calculated like so:
(10%)(7200)
= (10/100)(7200)
= (1/10)(7200)
= 720
therefore he will pay $720
User Alexandre Ouicher
by
7.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.4m questions

11.0m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!