Friday
April 18, 2014

Homework Help: Math

Posted by Alex on Thursday, August 19, 2010 at 12:00am.

Choose the one alternative that best completes the statement or answers the question.

Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent.

Martin takes out a simple-interest loan at 7.5 %. After 6 months, the amount of interest on the loan is $69.64. What was the amount of the loan?

I do not understand how to do this homework question can someone please help me to understand how to figure this one out thank you so much

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Maths - Solve the problem. Assume that simple interest is being calculated. ...
math - Choose the one alternative that best completes the statement or answers ...
math - SHORT ANSWER. Write the word or phrase that best completes each statement...
Social Studies - I was wondering if I could check my answers with someone. I'm a...
math - SHORT ANSWER. Write the word or phrase that best completes each statement...
math,orrection - is this correct now.. Problem #1 Find the simple interest ...
math correction - I had asked on these problems previously but here is my final ...
simple interest - What is the amount after 1 year on $315 invested at 7%, if ...
Math - the principle B is borrowed at a simple interest rate r for a period of ...
Math - I posed a problem and no one helped me to see how to solve the problem. I...

Search
Members