The Simple interest after three month $423.70
What is Simple Interest ?
Simple interest is a quick and simple formula for figuring out how much interest will be charged on a loan. The daily interest rate, the principle, and the number of days between payments are multiplied to calculate simple interest.
If she deposits $366 in the account and you receive interest, you must first calculate the interest for the current year before adding the sum to calculate the interest for the following month.
for instance, deposit plus interest equals the new amount for month one, month one amount plus interest equals amount for month two, and month two amount plus interest equals amount for month three.
The total would thus be $423.70 for the following month:
month 1
366+ (366*.05)=x
366+18.3=x
month 2
384.30+(384.30*.05)=x
384.30+19.22=x
month 3
403.52+(403.52*.05)=x
403.52+20.18=x
423.7 = x
Thus, total amount then would be $423.70
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Answer:
The answer should be A and C because they are the same question
Step-by-step explanation:
I just looked at the equations and solved it from there
Answer:
Step-by-step explanation:
<h3>A. How much Bill paid
AFTER the discount.</h3>
Step 1: Convert the discounted percent to decimal
20% = 0.2
Step 2: Multiply the discount to the item regularly priced
0.2(65.00) = 13
So, Bill received a $13 discount, therefore, the amount he paid AFTER his discount is:
Step 3: Subtract the result (the discount Bill received) from the regular price
$65.00 - $13.00= $52.00
Therefore, Bill paid $52.00
<h3>
B. The price of the pillow in the department store.</h3>
Step 1: Multiply the wholesale price for a pillow by the marked-up the wholesale price
$4.50 × 40% = 1.8
- The reciprocal of both sides gives
x = 1.8
Step 2: Add the result to the wholesale price for the pillow
4.50 + 1.8 = $6.3
Step 3: Round to the nearest cent
Add a zero behind the result = 6.30
Therefore, the price of the pillow in the department store is $6.30
