judithmena5432 judithmena5432

02-12-2021
Mathematics

contestada

If a loan for $500 at 8.75% interest per year is paid in 3 months, how much is the
interest? (Use I = PRT)

Respuesta :

sqdancefan sqdancefan

02-12-2021

Answer:

$10.94

Step-by-step explanation:

In the given formula, T is in years. 3 months is 3/12 years, so your interest is ...

I = PRT

I = $500×0.0875×1/4 = $10.9375 ≈ $10.94

$10.94 is the interest paid on the loan.

Answer Link

Otras preguntas

Match each word with its part of speech. A. Refrity B.nihilism C. Succinct Match with this speech. Adjective Noun Verb

How does Swift use verbal irony in the title "A Modest Proposal"? A.Swift does not actually ask anyone to marry him in his essay. B.Modest means “moderate” o

A water tank has the shape of an inverted right circular cone with base radius 3 meters and height 6 meters. Water is being pumped into the tank at the rate of

which of the following prefixes mean thousandth A Oct B milli C quad D uni

Identify the italicized word. Skiing can be great fun. skiing is italicized a) gerund b)participle

if g(x) = k•f(x) what is the value of k

2/3 x + y - 1 = 0. (-6,?)

Which of these BEST describes the result of the Treaty of Ghent (1814)? A) The United States acquired Michigan. B) Canada became part of the British Empire. C

What is the value of t in the equation t+5=-25

A friend tells you that plants grow and gain mass only because of the nutrients they pull out of the soil. It this statement true? Explain your answer in detail