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Ms. Shaila borrows $17,000 to buy a car. She pays simple interest at an annual rate of 6% over a one year period. How much does she pay altogether? Formula: interest = principal x rate x time Please show
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Ms. Shaila borrows $17,000 to buy a car. She pays simple interest at an annual rate of 6% over a one year period. How much does she pay altogether?

Formula: interest = principal x rate x time

Please show your work

User Stephen Curran
by
8.5k points

2 Answers

6 votes

Answer:

$18020

Explanation:

$17000 X 6%=$1020

$17000 +$1020 = $18020.00

User Bakavic
by
8.2k points
0 votes

Answer:

the answer is 18,020

Explanation:


p 17000 \ * \ r .06 * t1 \\ \\ 1020 + 17000 \\ \\ 18020

User Nitesh Tosniwal
by
8.8k points
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