Diego wants to buy a dirt bike. He borrows a $7,999 simple interest loan from the bank for 36 months at an interest rate of 9.7%.How much simple interest will he pay

$ 2,327.709

Explanation:

Only the principal amount is considered when calculating simple interest. In simple interest, the principal amount remains constant. The formula for simple interest is as I = p x i x t

where I = interest

P = principal amount ...

i= interest rate

t= time

For Diego, p= $7,999, i= 9.7% , t 36 months or 3 years

Diego will pay

I= 7999 x( 9.7/100) x 3

I= 7999 x 0.097 x 3

Diego will pay  $ 2,327.709

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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