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

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

what changes in england helped motivate colonists to settle in north america

what is the time 10 minutes before noon

Solve this equation : 2/3q=18

If p=5 what is the value of 6p-4?

A sample of liquid has a mass of 24g and a volume of 16ml what is the density of the liquid

Which is bigger: 0.3 or 1/3

Find three pairs of numbers for which the least common multiple equals the product of the two numbers

What is meant by the "partition" of India in 1947?

Olympic athletes have lower resting heart rates because A. their lungs tend to be naturally larger. B. they exercise regularly, which improves the efficiency of

what is 555000 rounded to the nearest ten thousand