Answer:
a .8
b .03
c .125
d 125.0
Step-by-step explanation:
Answer:
Step-by-step explanation:
The formula for simple interest is expressed as
I = PRT/100
Where
P represents the principal
R represents interest rate
T represents time in years
I = interest after t years
From the information given
T = 8 months = 8/12 = 2/3 years
P = $3000
R = 9.3%
Therefore
I = (3000 × 9.3 × 2/3)/100
I = 18600/100
I = $186
The maturity value (in dollars) of this loan would be
3000 + 186 = $3186
Answer to question:
inverse property
“Staying the same”
adding a number to itself results in a sum of zero
Answer:
504
Step-by-step explanation: