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antiseptic1488 [7]
4 years ago
6

I need to know how to solve these simple interest word problems step by step.

Mathematics
1 answer:
LekaFEV [45]4 years ago
3 0

Answer:

$236.38

3.20%

Step-by-step explanation:

Simple interest = PNR/100 where P = Principal = 13132/-

N = 8 months = 8/12 years and r = 2.7%

Hence simple interest = 13132 (8/12)(2.7/100)

= 236.376

= 236.38 dollars

-----------------------------------------------------

2) On the same notation, here PNR/100 = 8546(1)(R)/100=273.47

Solving

R = 273.47(100)/8546 = 3.19999

= 3.20% apprxy.


-------------------------------


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