Answer:
1. $327.60
2. $21,560.00
3. $2,208.28
Step-by-step explanation:
The formula for simple interest is:
I = Prt
where
I = amount of interest
P = principal amount
r = annual interest rate
t = number of years
The total future amount after earning simple interest is the principal polus the interest.
F = P + Prt
F = P(1 + rt)
1.
F = P(1 + rt)
F = $210(1 + 0.08 * 7)
F = $327.60
2.
F = P(1 + rt)
F = $14,000(1 + 0.06 * 9)
F = $21,560.00
3.
F = P(1 + rt)
F = $1,900(1 + 0.059 * 2.75)
F = $2,208.28
Answer:
7/9
Step-by-step explanation:
Answer:
what is the expressio
Step-by-step explanation:
0.315 is the written as a fraction.
convert to fraction
=> 0.315 / 1000
=> 315 / 1000
=> 63 / 200
Thus in the given choices, the answer is not in there.
