katrinaklabunde1999 katrinaklabunde1999
  • 02-06-2017
  • Mathematics
contestada

Compute the amount of interest earned in the following simple interest problem. A deposit of $7,000 at 8.5% for 120 days.

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 02-06-2017
Hi there
The formula is
I=prt
I interest earned?
P principle 7000
R interest rate 0.085
T time 120/360

I=7,000×0.085×(120÷360)
I=198.33

Hope it helps
Answer Link

Otras preguntas

Why is the enlightenment considered the turning point in world history
colby wants to set sqaure tiles on the top of a box the top of the box is a rectangle 71/2 inches long and 51/2 inches wide how many 1/2 inch tiles would he nee
Which of the following changes will decrease the rate of collisions between gaseous molecules oftype A and B in a closed container? A. decrease the volume of t
Suppose x + y = 6 and xy = 4. Find the value of x² y + xy² without solving the equations.
What was the purpose of the pure food and drug act of 1906?
Simplify 2(5x-3)-(2x+4), 24x-12y+40÷4, (2x)(3y)+2(-xy)
how do you simplify fractoins
what two large alliances took shape before the beginning of world war 1
Name two things found in a plant cell that are not found in an animal cell.
What is the value of x? A right triangle with a short leg measuring 5, a long leg measuring 5, and the hypotenuse as x.A. 10 B. 5C. [tex] 2\sqrt5 [/tex]D. [tex