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3 years ago

5.607 is what percent of 89 step by step

Mathematics

1 answer:

MrMuchimi3 years ago

4 0

Answer:

6.3%

Step-by-step explanation:

so 5.607 = x% * 89

to find the percent u need to divide : 5.607/89 which is : 0.063

to convert 0.063 to a percent multiply 0.063 by 100 = 6.3%

check :

6.3% *89 = 5.607

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Find the maturity value of a loan of $2500 at simple interest that is to be repaid in 8 months. The interest rate is 4. 3%. A) $

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The maturity value of a loan of $2500 at the simple interest rate of 4.3% that is needed to be repaid in 8 months is $2607.50.

<h3>What is simple interest?</h3>

Simple interest is a method of calculating interest on an amount for n period of time with a rate of interest of r. It is calculated with the help of the formula,

$SI = \dfrac{P\times R\times T}{100}$

where SI is the simple interest, P is the principal amount, R is the rate of interest, and T is the time period.

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Thus, the interest amount on the loan of $2500, is $107.5.

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Can anyone please help me in this

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