How much interest will ken have to pay after paying back

Reference no: EM13189024

Ken borrowed $6,000 for 4 years at a rate of 7% simple interest per year. How much interest will Ken have to pay after paying back the borrowed amount?

Reference no: EM13189024

Questions Cloud

What are the magnitude and direction of its acceleration : The force exerted by the wind on the sails of a sailboat is Fsail = 340 N north. The water exerts a force of Fkeel = 150 N east. If the boat (including its crew) has a mass of 320 kg, what are the magnitude and direction of its acceleration?

Find the dimensions of the aquarium : The base of an aquarium with volume V = 220 is made of slate and the sides are made of glass. If slate costs five times as much (per unit area) as glass, find the dimensions of the aquarium that minimize the cost of the materials.

How many students are taking college algebra : At East Zone University (EZU) there are 482 students taking College Algebra or Calculus. There are 353 students taking College Algebra, 146 students taking Calculus, and 17 students taking both College Algebra and Calculus. How many students are t..

What was the effective interest rate the engineer paid : The amount of the loan was $23,800, and it had an interest rate of 10% per year. However, because the new graduate had not built up a credit history, the bank made him buy loan-default insurance that cost 5% of the loan amount.

How much interest will ken have to pay after paying back : Ken borrowed $6,000 for 4 years at a rate of 7% simple interest per year. How much interest will Ken have to pay after paying back the borrowed amount?

Determine how many firms with average ceos : Consider an industry in which chief executive ocers (CEOs) run rms. There are two types of CEOs: exceptinal and average. There is a fixed supply of 100 exceptional CEOs and an unlimited supply of average CEOs. Any individual capable of being a CEO..

Find the length and the width of the rectangle : the width of a rectangle is 7 feet less than the length the area is 120 square feet find the length and the width of the rectangle.

What effect did this decline have on japanese real output : In the mid-1990s and through the early 2000s, Japan's annual money supply growth rate fell to 1-2 percent from an average annual rate of 10-11 percent in the late 1980s. What effect did this decline have on a. Japanese real output

What is the bit string corresponding : What is the bit string corresponding to the symmetric difference of two sets?

User Account

All Pages