judithmena5432 judithmena5432

02-12-2021
Mathematics

contestada

If a loan for $500 at 8.75% interest per year is paid in 3 months, how much is the
interest? (Use I = PRT)

Respuesta :

sqdancefan sqdancefan

02-12-2021

Answer:

$10.94

Step-by-step explanation:

In the given formula, T is in years. 3 months is 3/12 years, so your interest is ...

I = PRT

I = $500×0.0875×1/4 = $10.9375 ≈ $10.94

$10.94 is the interest paid on the loan.

Answer Link

Otras preguntas

what is x multipied by -x

Producing an RNA copy of a DNA strand is referred to as __________.

Asexual reproduction is not as widespread in (plants, animals) as it is in (plants,animals) .

Algebra 1. i just need help with understanding multiple step equations like...72+4-14d=36 ???? D=????

What times what will give m the answer 64

Leonardo recorded his speed while skateboarding and determind he was traveling 18 feet per seconds. How many feet could he travel in one minute?

What US foreign policy issue was a motivation for American intervention in Vietnam?

-7x-17= -9x+13solve for xwork too please!

What kind of precipitation would occur if the temperature was above freezing

The average length of a ladybug can range from 0.08 to 0.4 inches. find two lengths that are within the given span.write them as fractions in simplest form.