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
icon
Related questions
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
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill