dominic6969crip dominic6969crip
  • 24-02-2021
  • Mathematics
contestada

Find the simple interest to the nearest cent.
3.) $2,400 at 3.5% for 5 1/4 years.

Respuesta :

Naseeem88
Naseeem88 Naseeem88
  • 24-02-2021

Answer:

$441

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 3.5%/100 = 0.035 per year,

then, solving our equation

I = 2400 × 0.035 × 5.25 = 441

I = $ 441.00

The simple interest accumulated

on a principal of $ 2,400.00

at a rate of 3.5% per year

for 5.25 years is $ 441.00.

Answer Link

Otras preguntas

How does this difference show that whales and animals with four legs are probably descended from a common ancestor?
which word means not able to be understood? recede subsist unfathomable impede
Why do you suppose ordinary russians came to revolt against the czarist regime in russia?
According to gardner (1999), which would not be considered a type of intelligence?
What are Otton Von Bismarck and Giuseppi Mazzini known for?
4 && 5 struggling.... little difficult
why did cuba and puerto rico stay in the spanish empire?
The ksp of beryllium hydroxide, be(oh)2, is 6.92 × 10-22. calculate the molar solubility of this compound.
simplify? :-) Im so annoyin
Which sentence from the passage supports the idea that the banyan tree is not valued as much by the residents of the town?