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zhuklara [117]
1 year ago
6

Find the exact interest for $52,600 at 8.5% for 82 days

Mathematics
1 answer:
Anton [14]1 year ago
3 0

We would apply the formula for calculating simple interest which is expressed as

I = PRT

where

I is interest after time t

P is the principal or initial amount

R is the interest rate

T is the time in years

From the information given,

P = 52600

R = 8.5/100 = 0.085

t = 82 days

We need to convert 82 days to years. Recall,

365 days = 1 yr

82 days = 82/365 = 0.2246575

Thus, t = 0.2246575 year

Substituting these values into the formula, we have

I = 52600 x 0.085 x 0.2246575

I = 1004.44

The interest is $1004.44

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Answer: Berma is 5 years old

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Let x represent Berma's age

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Let z represent Erwin's age

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Three years ago, 15 times Berma’s age was 5 less than the age of Rinna. It means that

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Substituting y = 15x - 37 into equation 1 and equation 2, it becomes

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x = 145/29 = 5

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y = 15×5 -37

y = 38

Substituting x= 5 and y = 38 into equation 1, it becomes

5 + 38 + z = 80

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z = 37

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