Answer:
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Step-by-step explanation:
Answer:
Step-by-step explanation:
Simple interest rate applies only to the principal amount deposited and not the compounded amount. The formula for simple interest is expressed as
I = PRT/100
Where
I is the interest.
P is the principal or initial amount deposited.
R is the interest rate.
T is the duration in years.
From the information given,
P = $300.00
R = 5 1/4% = 5.25%
T = 6 months = 0.5 years
Therefore,
I = (300×5.25× 0.5)/100 =787.5/100
I = 7.875
The balance in the account at the end of this time will be
300 + 7.875 = $307.875
Answer: 60
Step-by-step explanation: The object is 3 times bigger than the scale drawing.
Answer: 1/4
Step-by-step explanation: Anything to a negative power is the same as the reciprocol to the absolute value of the power
