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
Kelsey buys several pairs of uniform pants for $17.95 each, and a sweater for $24.
Andre45 [30]

Answer:

It makes sense at the beginning, but I'm sure that there's a second part??

Step-by-step explanation:

Sorry love

5 0
2 years ago
Round this number to the nearest thousand,hundred thousand and million 8500976
sergey [27]
5 and 0 and 8
5thousand 0 hundred 8millionnn


4 0
2 years ago
Read 2 more answers
8 ten thousandths as a decimal
11Alexandr11 [23.1K]

Answer:

0.800 or 0.008

Step-by-step explanation:

3 0
3 years ago
Please show work!!!
JulijaS [17]
36 because the angles are the same but in a different place
3 0
3 years ago
Read 2 more answers
What are some confounding variables in randomized clinical trials for new medicine for cancer?
Fynjy0 [20]

Answer:

A confounding variable is an “extra” variable that you didn't account for. They can ruin an experiment and give you useless results. ... For example, if you are researching whether lack of exercise leads to weight gain, lack of exercise is your independent variable and weight gain is your dependent variable.

Step-by-step explanation:A confounding variable is an “extra” variable that you didn't account for. They can ruin an experiment and give you useless results. ... For example, if you are researching whether lack of exercise leads to weight gain, lack of exercise is your independent variable and weight gain is your dependent variable.

7 0
3 years ago
Other questions:
  • How can you use the prime factorization of the powers of ten to find the prime factorization of 270,000?
    9·1 answer
  • (number one) im just like really confused
    13·1 answer
  • 9f+6is equivalent to 3f+2
    9·2 answers
  • Nancy has a freshwater aquarium at home. She buys goldfish four more than twice the number of platies she bought last Sunday. Sh
    14·2 answers
  • Help please :) (asap)
    13·2 answers
  • Which of the following represents a solution to the equation d3 - 343?
    9·1 answer
  • Find angle prs and angle qrs​
    9·1 answer
  • 160% of what number is 19.2
    7·1 answer
  • Help<br><br><br> A , B, C , D ?<br><br><br> See the picture <br><br> Please help
    12·2 answers
  • The number line represents – 4 + 3)
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!