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3 years ago

6

You deposit 800 dollars into your savings account how much simple interest will 800 dollars earn in 6 months at 7.25%

2 answers:

asambeis [7]3 years ago

4 0

I=prt
I=800×0.0725×(6÷12)
I=29

jok3333 [9.3K]3 years ago

3 0

First, converting R percent to r a decimal
r = R/100 = 7.25%/100 = 0.0725 per year,
putting time into years for simplicity,
6 months ÷ 12 months/year = 0.5 years,
then, solving our equation

<span>A = 800(1 + (0.0725 × 0.5)) = 829 </span>
A = $ 829.00

The total amount accrued, principal plus interest,
from simple interest on a principal of $ 800.00
at a rate of 7.25% per year
<span>for 0.5 years (6 months) is $ 829.00.</span>

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We are given eqaution: e=\frac{17}{20}d , where e the amount of euros and d is the value as U.S. Dollars.

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Read more on Brainly.com - brainly.com/question/11243826#readmore

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