Answer: $550.00
Step-by-step explanation: Equation: I = Prt
<u>Calculation:</u>
First, converting R percent to r a decimal
r = R/100 = 2%/100 = 0.02 per year,
then, solving our equation
I = 5500 × 0.02 × 5 = 550
I = $ 550.00
The simple interest accumulated
on a principal of $ 5,500.00
at a rate of 2% per year
for 5 years is $ 550.00.
Hope this helped! ;)
Answer:
Step-by-step explanation:
?
Answer:
One way is to:
First, multiply 2 by the term inside the parenthesis.
Second, add eleven on both sides.
Third, divide using 4x on both sides.
This will give you your first method.
Now try to get the second on your own.
Step-by-step explanation:
19=10%X. 19/.10=190. X=190 :)
Answer:
First we subtract 8,500 from the 18,040. What we get from that is 9540. Now we divide 9,540 by 3.8 and see what we get. What we get is 2510.52631579 which means it would take around 2510.52631579 days to pay 18,040. In total that rounds to 7 years. Rounding up by the way
Step-by-step explanation: