Register
Andy got a loan of $120000 from a bank at a rate of 9% per annum calculate the i for the loan at the end of the first year
49.8k views
1 vote
Andy got a loan of $120000 from a bank at a rate of 9% per annum calculate the i for the loan at the end of the first year

User Heinrich
by
7.7k points

1 Answer

4 votes

Answer:

I=$10800

Explanation:

I=($120000×9×1)÷100

I=$1200×9=$10800

User Wibbly
by
8.4k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
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)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!