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mr_godi [17]
3 years ago
14

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

Mathematics
2 answers:
Andrej [43]3 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]3 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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