Question

Find the amount (in \$) of interest on the loan. \begin{tabular}{|c|c|c|c|} \hline Principal & Rate (\%) & Time & Interest \\ \hline$ \$ 70,000 $ & $ 8 \frac{3}{4} $ & 6 months & $ \$ 210000 $ \\ \hline \end{tabular}

          Find the amount (in \$) of interest on the loan.
\begin{tabular}{|c|c|c|c|}
\hline Principal & Rate (\%) & Time & Interest \\
\hline\( \$ 70,000 \) & \( 8 \frac{3}{4} \) & 6 months & \( \$ 210000 \) \\
\hline
\end{tabular}

Find the amount (in $) of interest on the loan.

Principal Rate (%) Time Interest

$ 70,000 8 (3)/(4) 6 months $ 210000

Added by Eric O.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Khushbu Rani

Step 1

- Principal ($P$) = \$70,000 - Rate ($R$) = $8 \frac{3}{4}\%$ - Time ($T$) = 6 months Show more…

Show all steps

Thanks for your feedback!

Find the amount (in \$) of interest on the loan. \begin{tabular}{|c|c|c|c|} \hline Principal & Rate (\%) & Time & Interest \\ \hline$ \$ 70,000 $ & $ 8 \frac{3}{4} $ & 6 months & $ \$ 210000 $ \\ \hline \end{tabular}