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
Deffense [45]
2 years ago
5

If $1,000 is loaned for 5 months at 6 % annual rate, how much interest is earned?

Mathematics
1 answer:
In-s [12.5K]2 years ago
5 0

Answer:

Interest earned is $25.2

Step-by-step explanation:

The formula to find simple interest is:

I = P₀rt

Where

I = interest rate

P₀ = Principal amount

r = interest rate

t= time

5 months = 5/12 years = 0.42 years

I = 1000* 6/100*0.42

I = 1000*0.06*0.42

I = 60*0.42

I = 25.2

Interest earned is $25.2

You might be interested in
An orange has about 1/4 cup of juice. How many oranges are needed to make 2 1/2 cups of juice?
Vesna [10]

Answer:

10 oranges

Step-by-step explanation:

4 oranges are needed to make one cup. 2 cups is 8 oranges and 1/2 cup is 2 oranges

8 0
2 years ago
64÷54 is the number of.... whar
ankoles [38]
Your answer is 1.18518519
8 0
3 years ago
Read 2 more answers
What true bearing is WSW equivalent to?
RSB [31]

Answer:

S 67.50° W

Step-by-step explanation:

3 0
3 years ago
The interval(s) for which the function shown below is increasing
Oduvanchick [21]

Answer:

everywhere except between 2 and 5

(between -inf and 2 and between 5 and inf)

Step-by-step explanation:

pls brainlist

5 0
3 years ago
Katrina had a bookcase that holds 200 books. She can put 20 books on each shelf. If 20% of the bookcase is empty, how many shelv
Tom [10]

Answer:

First, find 20% of the 200 books. Then, subtract that amount by the total and divide that amount by 20 to receive your answer.

Step-by-step explanation:

20 x 200

/100  = 40

Therefore, there are 40 books missing.

200-40 = 160

160/20 = 8 shelves are filled with books.

There are 10 shelves in total: 160 books are on 8 shelves and 40 books are missing for 2 shelves

5 0
2 years ago
Other questions:
  • What is the surface area of the right prism given below?
    9·1 answer
  • Which expressions are equivalent to (5⋅x)⋅3 ? Drag and drop the equivalent expressions into the box
    6·2 answers
  • Janae and Jerome each have m marbles. Gwen has 4(m + 2) marbles. John has 8m + 4 marbles. If John has more marbles than Janae, J
    7·1 answer
  • ): How many times longer is the diameter of a grain of sand than the diameter of the average cell in the human body? Show your w
    6·1 answer
  • -9(y+3) = 2y+39<br>Simplify your answer as much as possible.​
    11·2 answers
  • Who is good and can help me with Algebra 1?
    9·2 answers
  • Suppose you need to deliver 40 terabytes of data to your co-workers in Atlanta (200 km). You have an available 100 Mbps dedicate
    8·1 answer
  • How much money will Charlie in 2013
    15·1 answer
  • Use the x-intercept method to find all real solutions of the equation.
    15·1 answer
  • Original Price<br> Percent of Discount<br> Sale Price<br> $82<br> $65.60
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!