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

Help meeee plssssssssssssssssssssss
Which industry is responsible for a high demand for fossil fuel? Group of answer choices: food processing transportation agriculture medicine nuclear plants
3 Which is the greatest fraction? Circle your answer. 3 100 3 1000 3 500 How do you know?
9. What does "the swift passage of time" mean? O Time is going by slowly. O Time doesn't matter. O Time is going by quickly. O Time is measured in text.
At the bottom it says m/_XZY= Please help
what is the answer to -3z > -4.5 ?
PLZ QUICK!! What is Hermione Granger's middle name? a. Jane b. Jean c. Lily d. Sarah
Which sentence uses the correct pronouns? A. John asked Dara and I to go with he and Clara. B. John asked Dara and me to go with him and Clara C. John asked Dar
It took Jaylon 27 minutes to run 3 miles. If he continued to run at the same rate, how far did he run in an hour
The scientist's hypothesis that all of the continents were previously one large continent until something caused them to move apart is called _______________. c