Kendal borrowed money from her father at 5% simple interest to help pay her tuition at Wellington

Question:

Kendal borrowed money from her father at 5% simple interest to help pay her tuition at Wellington Community College. At the end of 1 year, she owed a total of $1365 in principal and interest. How much did she borrow?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

College Algebra Graphs and Models

ISBN: 978-0321845405

5th edition

Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna

See More Books

Question Posted: Apr 12, 2016 09:11 AM

See More Questions

1. If $8000 is borrowed at 12% simple interest for 3 years, what is the future value of the loan at the end of the 3 years? 2. Mary Toy borrowed $2000 from her parents and repaid them $2100 after 9...
1. $265,000 is borrowed to buy a house. If the simple interest rate on the 30-year loan is 8.25%, find the interest paid on the loan and the total amount paid back. 2. The Real Service Company takes...
To expand its clothing line, a small corporation borrowed $775,000 from three different lenders. The money was borrowed at 8%, 9%, and 10% simple interest. How much was borrowed at each rate when the...
Which of the following best describes employees suppliers and governments? a.These are examples of organisational stakeholders. b.These are rarely considered in organisational behaviour theories....
Based on the following bank reconciliation, prepare the journal entries: Ruggero Celinl Assodates Rank Recondliation July 31,20 Bark staterment balance July 31 Add deposits in transit 51 7 8 4 00 5 1...
Carbon monoxide flows through an adiabatic system. $M_{1}=4.0$ and $p_{t 1}=45$ psia. At a point downstream, $M_{2}=1.8$ and $p_{2}=7.0$ psia. (a) Are there losses in this system? If so,...
When can we, or should we, start implementation?
Jose Fernandez recently became a franchisee in the Cartridge World franchise. Cartridge World specializes in selling replacement cartridges for printers and fax machine cartridges. Jose was pleased...
A project has an initial outlay of $2,585. It has a single payoff at the end of year 2 of $9,017. What is the profitability index (PI) of the project, if the company's cost of capital is 14.00...
Discuss the development and shaping of supply chains in merged Gillette-P&G and understand their contributions to their financial viability? Understand the contributions of integrated supply chain...
Nielsen Media Research surveys TV-watching habits and provides a list of the 20 most-watched TV programs each week. Each rating point in the survey represents 1,102,000 households. One week "60...
Ryan, a consumer electronics salesperson, earns a base salary of $1500 per month and a commission of 8% on the amount of sales he makes. One month Ryan received a paycheck for $2284. Find the amount...
Use the product-to-sum identities and the sum-to-product identities to prove each of the following. sin 2 + sin 4 + sin 6 = 4 cos cos 2 sin 3
what ways do transformational leaders foster a climate of trust and psychological safety, enabling experimentation and risk-taking necessary for transformative organizational outcomes?
What is the meaning of organizational culture and how can it can be applied to managing projects? Why is organizational culture so important? How can organizational culture influence project...
Why do we use information and ideas from outside sources in academic papers?
You are required to: a. Enter the following transactions b. Open the relevant accounts c. Prepare the trial balance (1)Mr. A started business with 100000 cash in hand and 100000 at the bank. (2) He...
Explain the accounting treatment of the following assets by referring to the appropriate accounting standard: The company's building is used as the corporate headquarters. The factory building was...
How was Canadas budget deficit of 2013 influenced by the Bank of Canadas low interest rate policy? In the 1980s, it was Argentina, Mexico, and the Philippines that struggled with unsustainable debt...
What is an access control list?
Using the graph below, find f( -3). (-2, 1) (-3,0) -4-2 y 4 2 (-4,-3) -(-1,0) 2 4 (0, -3) if X
Express the data pictured in the graph as ordered pairs, letting the first coordinate represent the year and the second coordinate the amount or percent. Women Serving in the Marines 7 Percentage who...
Express the data pictured in the graph as ordered pairs, letting the first coordinate represent the year and the second coordinate the amount or percent. Southwest Airlines: Number of Cities Served...
1. How does marketing create value, and how do firms become more value driven? 2. Describe a firm's stakeholders and how they are impacted by conscious marketing.
Beginning inventory 100 units @ $8.00 = $ 800 Purchase # 1 200 units @ $6.00 = 1,200 Purchase # 2 100 units @ $12.00 = 1,200 Total 400 units $3,200 Ending inventory is 150 units. 1. What is cost of...
Sam's Ice Creams, a cottage country favourite in Northern Ontario, has launched a new range of ice creams branded as "Summer Flavours." To capitalize on the cottage and tourism season from May to...

Kendal borrowed money from her father at 5% simple interest to help pay her tuition at Wellington

Question:

Step by Step Answer:

Familiarize Let P the amount Tamisha borrowed We will use the formula I Prt to find the ...View the full answer

College Algebra Graphs and Models

Students also viewed these Linear Algebra questions