X= 55 degrees ...........
Answer:
solution given:
principal [P]=$850
time[T]=8years
rate[R]=8%
now
simple interest [S.I.]= =$ =$544
so
Total balance=S.I.+P=$544+$850=$1394.
<u>option b.$1,394.00 is your answer</u>
Answer:
$15.75
Step-by-step explanation:
1.75 x 7 = 12.25
28 - 12.25 = 15.75
Add dollar sign. Final answer is $15.75
Answer:
The simple interest accumulated on a principal of $ 2,500 at a rate of 6.25% per year for 2.5 years is $ 390.63.
Step-by-step explanation:
Given
- Interest rate r = 6.5% = 0.065
- Time period = t = 2.5 years
To determine
Interest I = ?
Using the simple interest formula
I = Prt
substituting P = 2,500, r = 0.065 and t = 2.5
I = 2500 × 0.0625 × 2.5
I = 390.63
Thus,
I = $390.63
Therefore, the simple interest accumulated on a principal of $ 2,500 at a rate of 6.25% per year for 2.5 years is $ 390.63.