Question

Compute the specified quantity. You take out a 9-month, $9,000 loan at 8% annual simple interest. How much would you owe at the end of the 9 months? HINT [See Example 2.] (Round your answer to the nearest cent.) $

Name: compute the specified quantity you take out a 9 month 9000 loan at 8 annual simple interest how much would you owe at the end of the 9 months hint see example 2 round your answer to the near 97458
Uploaded: 2022-12-04T19:38:08-08:00
Duration: 1 min 49 s
Channel: Kathleen Carty
Description: compute the specified quantity you take out a 9 month 9000 loan at 8 annual simple interest how much would you owe at the end of the 9 months hint see example 2 round your answer to the near 97458

          Compute the specified quantity.
You take out a 9-month, $9,000 loan at 8% annual
simple interest. How much would you owe at the end of
the 9 months? HINT [See Example 2.] (Round your answer to
the nearest cent.)
$

Added by Esperanza P.

Precalculus with Limits

Ron Larson 2nd Edition

Instant Answer

Solved by Expert Kathleen Carty

12/04/2022

Step 1

Given: Principal (P) = $9,000 Rate (R) = 8% Time (T) = 3/4 years Simple Interest (I) = P * R * T Simple Interest = $9,000 * 0.08 * 3/4 Simple Interest = $540 Show more…

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Compute the specified quantity. You take out a 9-month, $9,000 loan at 8% annual simple interest. How much would you owe at the end of the 9 months? HINT [See Example 2.] (Round your answer to the nearest cent.) $