Let us use 360 days for the 1-year term.
principal = 1,200
interest rate = 8% unless otherwise stated, this rate is per annum or annual rate.
term = 240 days
Simple Interest = Principal * interest rate * term
S.I = 1,200 * 8% * 240/360
S.I = 1,200 * 0.08 * 0.667
S.I = 64.032 rounded off to 64
The interest due 1200 at 8% rate is 64 in 240 days.
Hope that helps and feel free to ask me more questions :)
Brainliest??
Answer:
marcus saved 31.25
Step-by-step explanation:
Answer:
it is a :) hope this helped :)
Step-by-step explanation:
Answer D, 1/64
The denominator has a pattern , if you look through it carefully each denominator is multiply by 2. There for you multiply 32 x 2 which gives you 64 so it’s 1/64. If you wanna confirm it , you could use a calculator to check your answer.
Answer:
depends on the ammount
Step-by-step explanation:
