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2 years ago

Principal Time. Rate $470. 10 days. 9% Whats the interest?

Mathematics

2 answers:

Andrej [43]2 years ago

8 0

Principle=P=470
Time=T=10
Rate =R=R=9%

Interest be I

If interest is daily

I=PRT/100
I=470(10)(9)/100
I=4230/10
I=423$

If interest is monthly (30days)

I=(470)(1/3)(9)/100
I=470(3)/100
I=1410/100
I=14.10$

tigry1 [53]2 years ago

8 0

Answer:

$ 1.20

Step-by-step explanation:

$\sf Time = 10 \ days = \dfrac{10}{365}=\dfrac{2}{73}$

$Interest = Principal * time *rate\\\\\\=470*\dfrac{2}{73}*\dfrac{9}{100}\\\\= 1.20$

= $ 1.20

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