Ask a New Question

Question

Craig borrows $1000 at 9% simple interest per year. When Craig pays the loan back 11 years later, what is the total amount that Craig ends up repaying?

1000x0.09x11=990
4 years ago

Answers

Related Questions

i Craig: I am already having trouble understanding Chapter 6, problem 2 on page 207 of textbook.... 1000 lockers 1000 students, the first student goes along and opens every other locker. The second st... Melissa Borrows $1000 on May 8 at 18.5% simple interest. She pays $500 on July 17 and $400 on Septem... Kimberly borrows 1000 dollars from Lucy,who charged interest of 5% per month ( which compounds month... For an art exhibit, Craig has to choose 3 ceramic mugs out of the 7 that he made over the summer. In... Larry borrows $1300 at 5% simple interest per month. When Larry pays the loan back 3 years later,... Larry borrows $1300 at 5% simple interest per month. When Larry pays the loan back 3 years later,... Ruth borrows $440 at 0.6% simple interest per month. When Ruth pays the loan back 4 years later, how... 62 less than twice Craig's age Craig has two jobs, Job A and Job B. The table shows the hours he worked at each job per week and hi...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use