Juanita borrowed $600 to purchase a new computer. She was charged 7% interest for two years. She used the simple interest formula to find th

Question

Juanita borrowed $600 to purchase a new computer. She was charged 7% interest for two years. She used the simple interest formula to find the interest.

I = 600(7)(2)

What error did Juanita make and how will her error affect the interest she calculates? Explain
{_____________________________

whoever does best get brainliest

in progress 0
Khải Quang 3 years 2021-08-19T09:29:52+00:00 1 Answers 73 views 0

Answers ( )

  1. Orla
    0
    2021-08-19T09:31:33+00:00
    Reply

    Answer:

    The correct formula should be I= 600(0.07)(2). Juanita made a very common error, she didn’t put the percentage of interest in decimal form; or she didn’t put the percent sign on it so we know to put it in decimal form. Her error will make a big difference; with using her calculations the answer would be $8,400. With the correct formula the answer is $84.

    Hope this help! 🙂

Leave an answer

Browse

Giải phương trình 1 ẩn: x + 2 - 2(x + 1) = -x . Hỏi x = ? ( )