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Korolek [52]
3 years ago
8

Find the interest for each loan. $252 at 8% for 2 years: ________ $400 at 2% for 6 months:________ $5,000 at 3.5% for 1 year:___

________ $6,240 at 10% for 9 months: ___________
Mathematics
2 answers:
prisoha [69]3 years ago
4 0
Hi there! I can help you! Okay. So to find the amount of interest, we have to do the formula prt. That means multiply the principal, which is the initial amount of money, the rate, which is the interest rate, and the amount of time, which is usually in years. With that being said, here is how the answers turn out.

$252, 8% for 2 years: $40.32
$400, 2% for 6 months: $4
$5,000, 3.5% for 1 year: $175
$6,240, 10% for 9 months: $468

For the months, we just convert those numbers into decimal. 6 months is 1/2 a year, so it would be 0.5 and 9 months is 3/4 of a year, so that decimal would be 0.75. All you have to do is multiply the amount of money by percentage (you can do it by decimal form) by amount of time, and you’ll be good.
m_a_m_a [10]3 years ago
3 0

Answer:

$252, 8% for 2 years: $40.32

$400, 2% for 6 months: $4

$5,000, 3.5% for 1 year: $175

$6,240, 10% for 9 months: $468

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Answer:

The answer is -256.

Step-by-step explanation:

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8 0
3 years ago
Peter saves $167 a month. Peter saves $37 less each month than Bill. How much will Bill save in 2 years?
Vlad [161]

Answer:

Hello! Your answer should be $2448.

Step-by-step explanation:

First, we should add 37 to 167 to find out how much money Bill makes in one month. Once we find that to be 204, we must multiply that by however many months he will be saving up for (24 months = 2 years). This will give us the expression 204 x 28, which equals 2448.

So, Bill will save $2448 in 2 years. Hope this helps!

3 0
3 years ago
How do I solve this?
boyakko [2]
See below for solution. Hope this is helpful

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