Abusiness owner has two loans from the local bank. one of the loans is a three-year loan with a principal of $75,000 and an annual interest rate of 5%. the other is a one-year loan with a principal of $21,000 and an annual interest rate of 4.5%. what is the simple interest total for both loans for the first year?

$4,695.00

Explanation:

Simple interest is just the interest rate times the principal (different than compound interest which adds the accrued interest back into the principal so that you are paying on the new bigger amount every year.)

Loan 1: .05* 75,000 = $3750

Loan 2: .045 * 21,000 = $945

Total for both loans = 945+3750 = 4,695

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.