Quantitative Reasoning

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  • #29728

    Ezra Halleck
    Participant

    26. Jose borrows $12,000 from his brother Fernando and promises to pay off just the interest (4%) while he is in college. Write an equation expressing the amount of interest he will be pay as a function of time (years) in school. Over the course of the 4 years at school, how much interest will Jose pay?

    #29790

    Davlatjon
    Participant

    12000x.04xT=I
    12000x.04×4=1920

    He will pay $1920 in interest over 4 years.

    #29793

    Caleb Wallace
    Participant

    I=Prt

    12000x.04=1920

    1920 dollars in interest in 4 years

    #29797

    Fabiola Cabrera
    Participant

    the whole amount(x)rate(x)years *must change 4% into a decimal before multiplying it by
    12000 x .04 x 4 = 1920 moving two places to the right

    Fabioa Cabrera

    #29822

    Jakeem Dames
    Participant

    12000x.04xT=I
    12000x.04×4=1920

    He will pay $1920 in interest over 4 years

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