1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iogann1982 [59]
3 years ago
11

An account earns simple interest. $1800 at 6.5% for 30 months

Mathematics
1 answer:
Vikentia [17]3 years ago
5 0

A = P(1 + rt)

Where:

<span>A = Total Accrued Amount (principal + interest)
P = Principal AmountI = Interest Amount
r = Rate of Interest per year in decimal;
r = R/100
R = Rate of Interest per year as a percent;
 R = r * 100
<span>t = Time Period involved in months or years

</span></span>Calculation:

First, converting R percent to r a decimal
r = R/100 = 6.5%/100 = 0.065 per year,
putting time into years for simplicity,
30 months ÷ 12 months/year = 2.5 years,
then, solving our equation

<span>A = 1800(1 + (0.065 × 2.5)) = 2092.5 </span>
A = $ 2,092.50

The total amount accrued, principal plus interest,
from simple interest on a principal of $ 1,800.00
at a rate of 6.5% per year
<span>for 2.5 years (30 months) is $ 2,092.50.</span>
You might be interested in
6. What is the surface area of the cone? Use
Lostsunrise [7]
It would be 20ft have a great day
4 0
2 years ago
Read 2 more answers
What is the area of the triangle below?
Cloud [144]
The area of the triangle below is 7.5 units
7 0
2 years ago
PLEASE HELP!!! The ratio of footballs to soccer balls at a sporting goods store is 5 to 3. if the store has 100 footballs in sto
xxMikexx [17]

Answer:

70 or 60 is the answer

8 0
3 years ago
Read 2 more answers
HELP ASAP. Determine whether triangles are similar by Side by Side (SSS), Side Angle Side (SAS), or Angle Angle (AA) similarity.
Nonamiya [84]
The answer and process are in the picture.

4 0
2 years ago
Select the adjective(s) in the following sentence.
horsena [70]
Answer: Clean

Explanation:
Adjectives are words that describes nouns. Therefore, clean is an adjective.
5 0
3 years ago
Other questions:
  • 25% is equivalent to what fraction in reduced terms
    7·1 answer
  • Find the quotient 34÷3
    10·1 answer
  • Harry is 45 years old is 60% as old as Patrick .How old is Patrick
    13·1 answer
  • 1) List the data in ascending order (least to greatest). 8,6,3,5,3,4,2,9 When
    13·2 answers
  • Solve the following system of equations by substitution and select the correct answer below:
    15·2 answers
  • What is 25 plus 3947737291746372819193
    7·2 answers
  • Could someone please help me with 1 and 2 please
    13·1 answer
  • The tenth term of a linear sequence 18. The term to term rule is subtract 4.work out the Fourth term of the sequence.​
    6·1 answer
  • Question in the picture
    7·2 answers
  • What would be the answer please explain new topic
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!