Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent if necessary.A company borrows $48,000 for 7 years at a simple interest of 7.5% to buy software. Find the total amount paid on the loan.
A. $50,520.00
B. $252,000.00
C. $73,200.00
D. $25,200.00
Answer: C
You might also like to view...
Solve the problem.102 × 10-5
A. 10-10 B. 10-7 C. 10-3 D. 107
Find the coordinates of the centroid (to the nearest 0.01 in.) of the uniform flat-plate machine part shown.
A. (0.29 in., 1.97 in.) B. (-0.45 in., 2.09 in.) C. (0.04 in., 2.33 in.) D. (0.33 in., 1.83 in.)
Find the area of the rectangle or square.
16 cm
A. 64 square centimeters B. 256 square centimeters C. 512 square centimeters D. 251 square centimeters
Solve.Newton's Law of Cooling states that if a body with temperature T1 is placed in surroundings with temperature T0 different from T1, then the body will either cool or warm to temperature T(t) after time t, in minutes, where 
A cup of coffee with temperature 105°F is placed in a freezer with temperature 0°F. After 5 minutes, the temperature of the coffee is 69.3°F. What will its temperature be 20 minutes after it is placed in the freezer? Round your answer to the nearest degree.
A. 20°F B. 16°F C. 17°F D. 18°F