All categories

3 years ago

Find the simple interest on a $340 loan at a 15% annual interest rate for 1 year

Mathematics

2 answers:

Crank3 years ago

4 0

Answer:

$51.

Step-by-step explanation:

Interest I = PRT/100 where P = amount of the loan , R = rate and T = the times in years.

I = 340 * 15 * 1 / 100

= 5100/100

= $51.

Yanka [14]3 years ago

3 0

Answer:

$51

Step-by-step explanation:

You want to calculate the interest on $340 at 15% interest per year after 1 year(s).

The formula we'll use for this is the simple interest formula, or:

P= I × r × t

Where...

P equals the principal amount, which is $340.00.

r equals the interest rate, which in this case is 15% per year, or as a decimal, 15/100=0.15.

t equals time involved, which is 1 year.

To find the simple interest, we multiply 340 × 0.15 × 1 to get that the interest is $51.00

You might be interested in

Why is 3 plus pi irrational?

Vanyuwa [196]

Answer:

3 + $\pi$ is irrational, as $\pi$ is an irrational number in itself, not being able to change into a fraction as it is a non-terminated number.

5 0

2 years ago

If you join all the vertices of a heptagon how many quadrilaterals will you get?

mafiozo [28]

The answer is 6. because a hexagon has 6 sidea

4 0

3 years ago

A standard interior staircase has steps each with a rise (height) of 21 cm and a run (horizontal depth) of 24 cm. Research sugge

Alisiya [41]

Answer:

The staircase would extends 1.20 m if the changes were made.

Step-by-step explanation:

Acording tho the statement the total heigth is 5.04 m, that is 504 cm, each steps rises 21 cm. with this information we can calculte how many steps are in the whole staircase:

$Number steps= \frac{Total heigth}{each step} \\Number steps= \frac{504}{21} = 24 steps$

To calculate how much the staircase will extend, whe have to multiply the horizontal depth times the number of steps.

using the run of 24 cm that gives us a lengt of 576 cm and if the changes were made the new length will be 696 cm.

So the staircase would extend an amount of (696 - 576), that is 120 cm, or 1.20 m, if the changes were made.

6 0

3 years ago

Which expression is equivalent to -1/2(1/4x-3/8)?

Nesterboy [21]

A is the correct answer

7 0

3 years ago

Read 2 more answers

Three hikers equally share 1/2 gallon of water. Explain how you would use an area model to find the amount of water each hiker d

zlopas [31]

Answer:

1/6

Step-by-step explanation:

1/2 ÷ 3 equation

1/2 ÷3/1 flip

1/2 x 1/3 multiply

1/6 Answer

8 0

2 years ago

Read 2 more answers