1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dangina [55]
3 years ago
12

Find the simple interest paid to the nearest cent for each principal, interest rate, and time.

Mathematics
1 answer:
igor_vitrenko [27]3 years ago
3 0

<u>Answer:</u>

The simple interest for $152, 2.5%, 18 month is $5.7

<u>Solution:</u>

Given that, principal amount = $ 152, interest rate = 2.5 % and time period = 18 months.

Now we have to calculate the simple interest for above given values.

We know that, simple interest is given as

=\frac{\text { principal amount } \times \text { interest rate } \times \text { time period in years }}{100}

By substituting the given values, we get

\text { Simple interest }=\frac{152 \times 2.5 \times 18 \mathrm{months}}{100}

By converting 18 months to years we get,

\begin{array}{l}{=\frac{152 \times 2.5 \times \frac{18}{12}}{100}} \\\\ {=\frac{152 \times 2.5 \times \frac{3}{2}}{100}} \\\\ {=\frac{152 \times \frac{3}{2}}{40}} \\\\ {=\frac{76 \times 3}{40}=\frac{19 \times 3}{10}} \\\\ {=\frac{57}{10}=5.7}\end{array}

Hence, the simple interest is $5.7

You might be interested in
Which two values of the Inequality of w&lt;2
Arada [10]

Answer:

we need to see the problem your reffering to, to be able to help you

Step-by-step explanation:

3 0
3 years ago
Which statement describes the translation of y = −5(x+ 2)2 − 3 from standard position?
kolbaska11 [484]

The answer D i know it right


8 0
3 years ago
Read 2 more answers
I stayed up all night trying to figure out this question but I just can’t
Vilka [71]

Answer:

from what we're given on the drawing, ac and pt are congruent

and from the question format, ab is equal to pq, ac is equal to pr

8 0
3 years ago
How do the graphs of the functions f(x)=<img src="https://tex.z-dn.net/?f=%28%5Cfrac%7B3%7D%7B2%7D%29%5Ex" id="TexFormula1" titl
grin007 [14]

Step-by-step explanation:

f(x) = (3/2)ˣ

g(x) = (2/3)ˣ

These are examples of exponential equations:

y = a bˣ

If b > 1, the equation is exponential growth.

If 0 < b < 1, the equation is exponential decay.

So f(x) is an example of exponential growth, and g(x) is an example of exponential decay.

Also, 2/3 is the inverse of 3/2, so:

g(x) = (3/2)^(-x)

So more specifically, f(x) and g(x) are reflections of each other across the y-axis.

5 0
3 years ago
Jackson deposited $5,000 at 3.8% interest, compounded continuously, when he was 18 years old. How much will be in the account wh
Ivahew [28]
5,000 × 3.8%= 19,000×18= 342,000 × 40 = 13,680,000
6 0
3 years ago
Other questions:
  • Why does 6 over 2=3 (6/2=3?<br><br> ʕ•ᴥ•ʔ
    14·2 answers
  • When a number is decreased by 25%, the result is 22. What is the original number to the nearest tenth?
    8·1 answer
  • What is the unit rate of 44 points in 4 quarters?
    9·2 answers
  • Everyday Jo practices her tennis serve by continually serving until she has had a total of 50 successful serves.
    13·1 answer
  • Which of the following is(are) the solution(s( to |5x+2|=8?
    13·2 answers
  • Which inequality correctly compares One-third, Five-sixths, and Three-fifths? One-third &lt; Three-fifths &lt; Five-sixths One-t
    7·1 answer
  • Write an equation that gives the distance in miles of the hurricane from the town as a function if the number of hours since 12:
    11·1 answer
  • to make 8 cups of beef stew, you need about 2 pounds of beef. How many pounds of beef do you need to make 24 cups of beef stew?
    13·2 answers
  • 72 fl oz equals how many cups
    6·2 answers
  • Please Help need this ASAAP!! The First and correct answer will be marked brainlest!!
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!