To solve for Simple interest, we use the formula:
I = Principal x Rate x Time(year)
where:
I = Simple interest = ?
Principal = $2,350
Rate = Rate on Interest = 3.77% = 0.0377
Time = 15 months, we have to convert 15months to year
12 months = 1 year
15 months = ?
Cross multiply
= 15 x 1/12
= 1.25 year
The Simple interest is calculated as:
$2350 x 0.0377 x 1.25
= $110.74375
Approximately = $110.74
Therefore, the simple interest on $2,350 is $110.74
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Because, for example, 0.17 is equivalent to 17 and 0.165 is equivalent to 16.5
Answer:
Mean = 2.95
Median = 3
Step-by-step explanation:
The mean of the number of visits of 40 adults to the gym is
The median of the data is the average number between 20th and 21th terms (because 40 is even number, so the middle term is the average between two middle terms).
20th term = 3 visits
21th term = 3 visits
Hence, median is 3 visits
It would be $57 weekly, and when you multiply that by 4, you get $228/month
