Answer:
A = $996.00
Step-by-step explanation:
(I = A - P = $196.00)
Equation:
A = P(1 + rt)
Where:
A = Total Accrued Amount (principal + interest)
P = Principal Amount
I = Interest Amount
r = Rate of Interest per year in decimal; r = R/100
R = Rate of Interest per year as a percent; R = r * 100
t = Time Period involved in months or years
From the base formula, A = P(1 + rt) derived from A = P + I and I = Prt so A = P + I = P + Prt = P(1 + rt)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 7%/100 = 0.07 per year.
Solving our equation:
A = 800(1 + (0.07 × 3.5)) = 996
A = $996.00
The total amount accrued, principal plus interest, from simple interest on a principal of $800.00 at a rate of 7% per year for 3.5 years is $996.00.
Step-by-step explanation:
in fraction it comes 36/121
and in decimal.it comes 0.3
The answer i got was y= -x+5
Multiply the two numbers to find the amount of the loan.
5530/1* 4/7= 22120/7= 3160
Final answer: $3,160
Find the least common multiple of 4, 6, and 8
. Multiples of 4 are: 4, 8, 12, 16, 20, 24, 28, 32, 36
Multiples of 6 are: 6, 12, 18, 24, 30, 36
