1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dima020 [189]
4 years ago
15

What is the simple interest on $360 borrowed for 30 months at 12.3%? (PLEASE EXPLAIN)

Mathematics
2 answers:
MArishka [77]4 years ago
7 0
Hello there! I can help you! The formula for simple interest is prt. We multiply the principal (inital amount) by the interest rate (in decimal form) by the time (could be in months or years). For this expression, our principal is $360. The interest rate is 12.3% (0.123 in decimal form). We will multiply those two numbers first. 360 *12.3% is 44.28. That's $44.28 in interest per year, but we're not done. Now, we multiply that by the amount of time, which is 30 months. In this case, we will convert that to years. 30/12 is 2.5. That is 2.5. We will multiply the interest by 2.5. 44.28 * 2.5 is 110.7. There. The simple interest is $110.70.
DanielleElmas [232]4 years ago
5 0
Interest  = principal * rate * time / 100   = 360 * 12.3 * 2.5   / 100  (Note 30 months = 2.5 years)

Answer is  $110.70
You might be interested in
What is the reciprocal of 3/4? How can you be sure it is the reciprocal?
inysia [295]
To find the reciprocal of a fraction, just fill it over. Therefore, the reciprocal of 3/4= 4/3. We can be sure that this is the reciprocal because any number multiplied by its reciprocal gives the product of 1:
\frac{3}{4}   \times \frac{4}{3}  = 1
3 0
3 years ago
Read 2 more answers
. A right triangle is drawn inside a sphere, and the hypotenuse is 12 cm. What is the radius of the sphere? Round your final ans
Diano4ka-milaya [45]

Answer: How do you find the rate of change of volume?

The rate of change in volume is dV/dt. The question is asking for the rate that the side length is changing. That would be ds/dt. If we take the derivative of both sides of V = s^3 with respect to time, we get dV/dt = d/dt[s^3].

5 0
2 years ago
What is the area of the firgure?
qaws [65]

Answer:

768

Step-by-step explanation:

4 0
3 years ago
A rectangular prism has a volume of 97.5 cubic inches. The length is 5 inches and the height is 3 inches. What is the width of t
const2013 [10]

Answer:

6.5

Step-by-step explanation:

3X5=15

97.5/ 15 = 6.5

3 0
3 years ago
Suppose the diameter of a circle is \color{green}{4}4start color green, 4, end color green units. What is its circumference?
Triss [41]
I don’t really understand what this is asking but the formula for circumference is C= πd Remember that diameter (width of the circle) is double the radius (half the width of the circle) and π is about 3.14
Hope this helped
6 0
3 years ago
Other questions:
  • What is 20% of 5 Please Help
    11·1 answer
  • Can you help me with this word problem please
    9·1 answer
  • Solve for x.<br><br><br><br> x/2 = -7
    10·2 answers
  • What is the value of y? Sides are 18, 10, 10+2x , and 2y+4
    5·1 answer
  • Which step shows the result of applying the subtraction property of equality? 1/4 (12x+8)+4=3
    8·2 answers
  • If the $3.80 large popcorn was on sale for 25% off, what is the discounted price?
    8·2 answers
  • Someone solve these answers correct me if I’m wrong
    9·1 answer
  • Which expression is equivalent to √900f^6/100g^4
    8·1 answer
  • Sarah earned a grade of 80% on the math exam that had 75 problems. How many correct problems did Sara answer?​
    5·1 answer
  • Abby made a quilt for her cousin doll The quilt had a 7×7 array of different colored square patches if each patch is 3 1/2 in lo
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!