An electronics store is having a sale on a TV. The regular price of the TV is $550 and is offering a 30% discount. How much is t
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Answer:
Given: Principal(P) = $ 5000 , T = 3.5 years and R = 5%.
Using the formula of Simple Interest (I) given by;
.......[1] , where P is the Principal amount of money to be invested, R be the rate of interest and T be the time.
Substitute the given values of P , R and T in [1] we have;
Simplify:
An Ending balance is calculated by subtracting cash outflows, interest paid for financing and principal paid on financing.
Ending Balance = $ 5000 + $ 175 = $ 5,175.
Therefore, the ending balance is $ 5,175
This is fairly simple. Divide 2,871,000 by 10 and that's your answer!
Also, since you're dividing by a factor of 10 (or in this case, <em>10</em>) you can just take away as many places as are zeros in the number you're dividing from. This works for <em>10, 100, 1,000, 10,000, etc. </em>In this case, since there is only one zero in 10 you only take away one place marking, which gives you 287,100.
Also, since you're dividing by a factor of 10 (or in this case, <em>10</em>) you can just take away as many places as are zeros in the number you're dividing from. This works for <em>10, 100, 1,000, 10,000, etc. </em>In this case, since there is only one zero in 10 you only take away one place marking, which gives you 287,100.