In order to start a small business, a student takes out a simple interest loan for $9000.00 for 6 months at a rate of 7.75%. a. How much interest must the student pay? b. Find the future value of the loan. Please write out the problem and answer
In order to start a small business, a student takes out a simple interest loan for $9000.00 for 6 months at a rate of 7.75%. a. How much interest must the student pay? b. Find the future value of the loan. Please write out the problem and answer
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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Question
In order to start a small business, a student takes out a simple interest loan for
$9000.00 for 6 months at a rate of 7.75%.
a. How much interest must the student pay?
b. Find the future value of the loan.
Please write out the problem and answer
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