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

why might tobacco & alcohol advertisements target teens?
What did Maya civilization have in common with Western civilization
What did Homer Plessy do to get himself arrested? Why did he want to do this? Who did the Supreme Court rule in favor of and why? What impact did it have on new
Dad is getting food ready for my birthday party! Including me, there will be 18 people at the party. Dad is baking cookies for us! He can bake 24 cookies per ba
7th grade math help!! Dani experimented with a dollar bill and the copy machine a dollar bills length is 6.1 inches and width is 2.6 inches, she reduced the dol
A 5-pound bag of dog food costs $2.10. What is the unit price? per pound Submit
Shoals are raised landforms made of sand and gravel that are commonly found in Florida. They are often called sandbars and are located in and around bodies of w
For each triangle find the value of x
Which has emerged as the world’s main political unit?
9. The demand curve is a representation of the relationship between the quantity of a product demanded and: