Answer:
$733.33
Step-by-step explanation:
The question is on finding the principal value
Formulae for simple interest
S.I= P×R/100×T where P is the invested amount of money, R is interest rate and T is time in years
Given that;
Simple interest=$77 , R=7% and T=1.5 years then
S.I= P×R/100×T...................substituting the values given
77=P×7/100 × 1.5
77=P×0.105
77/0.105 =P
$733.33=P
Answer:
About 118.11
Step-by-step explanation:
Answer:
t = 6 years
Step-by-step explanation:
Use the simple interest formula: i = prt, where p is the principal, r is the interest rate as a decimal fraction, and is the elapsed time, in years.
Here we want to know how long it will take for the interest alone to reach $449.40. We first solve i = prt for t, obtaining t = i/(pr).
Here, the length of time is t = ($449.40) / (0.06*$1498.00). This works out to
t = 5.9947, or approximately 6 years.
t = 6 years
Answer:
-16
Step-by-step explanation:
