If you borrow $1,700 at 7% simple interest, how much interest will you pay?
A. $1819
B. $119
C. $7.00
D. $120
I got b but im not sure
You're right -- you'd pay $119 for one year.
Thank you so much
You're welcome.
A british company is sending you measurements for a table to build in your factory. The table top must be 50cm x75cm.Your machine calibrates in inches. Find the size of the table in inches (1cm=.39in)
A.19.5 x29.25in
B.128.2in x 192.3in
C.11in x36in
D.19in x 114in
I chose (C) as my answer
At the beginning of the week, a particular stock sold for 29 3/8 per share. At the end of the same week it sold for 31 2/8. What was the amount of increase per share
To calculate the amount of interest you will pay, you need to multiply the principal amount (the amount you borrowed) by the interest rate and the time period. In this case, you borrowed $1,700 at a 7% interest rate.
To find the amount of interest, you can use the formula: Interest = Principal x Rate x Time
In this case:
Principal = $1,700
Rate = 7% = 0.07 (decimal form)
Time = Not mentioned in the question, so let's assume it's for one year.
Now, plug in the values into the formula: Interest = $1,700 x 0.07 x 1
Interest = $119
Therefore, the correct answer is B. $119.