Mathematics, 08.07.2021 23:10 snikergrace

Adam borrowed $5,600 from the bank. The bank charges 4.2% simple interest each year. Which equation represents the amount of money in dollars, x, Adam will owe in one year, if no payments are made?

x=5,600+5,600(42)(12)
x=5,600+5,600(0.042)(1)
x=5,600+5,600(42)(1)
x=5,600+5,600(0.042)(12)

Answers: 3

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Adam borrowed $5,600 from the bank. The bank charges 4.2% simple interest each year. Which equation represents the amount of money in dollars, x, Adam will owe in one year, if no payments are made? x=5,600+5,600(42)(12) x=5,600+5,600(0.042)(1) x=5,600+5,600(42)(1) x=5,600+5,600(0.042)(12)

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Adam borrowed $5,600 from the bank. The bank charges 4.2% simple interest each year. Which equation represents the amount of money in dollars, x, Adam will owe in one year, if no payments are made?

x=5,600+5,600(42)(12)
x=5,600+5,600(0.042)(1)
x=5,600+5,600(42)(1)
x=5,600+5,600(0.042)(12)