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goblinko [34]
3 years ago
15

Find the simple interest. Principal ​$200 rate 13​% time 33 months. The interest is ​$ nothing. ​(Round to the nearest​ cent.)

Mathematics
1 answer:
Ivan3 years ago
3 0
There are 12 months in a year, so in 33 months, there are 33/12 years then.

\bf \qquad \textit{Simple Interest Earned}\\\\
I = Prt\qquad 
\begin{cases}
I=\textit{interest earned}\\
P=\textit{original amount deposited}\to& \$200\\
r=rate\to 13\%\to \frac{13}{100}\to &0.13\\
t=years\to &\frac{33}{12}
\end{cases}
\\\\\\
I=200\cdot 0.13\cdot \cfrac{33}{12}
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