How much interest will be paid in 1 year for a loan of $2500 at 9 1/2% simple interest?
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Hey there!
Here are the steps involved in answering this question:
1. Write 8 out of 200 as a fraction which is
2. Turn the fraction into a decimal. To do this, divide the numerator by the denominator. The numerator is the top part of the fraction while the denominator is the bottom part of the fraction.
= 0.04
3. You get 0.04. Now, turn this into a percent. Move the decimal, 2 places to the right or just multiply the decimal by 100.
0.04 = 4%
The final answer is 4%.
Another way of doing this is to get 100 as a denominator.
Since, percent means, "Out of 100", we have to make the denominator 100.
1. = 4/100
Just divide each side by 2.
Again, the final answer is, 4%
<span>(If you feel that my answer has helped you, please consider rating it and giving it a thank you! Also, feel free to make the best answer, the brainliest answer!)
</span>
<span>Thank you! :D</span>
Here are the steps involved in answering this question:
1. Write 8 out of 200 as a fraction which is
2. Turn the fraction into a decimal. To do this, divide the numerator by the denominator. The numerator is the top part of the fraction while the denominator is the bottom part of the fraction.
3. You get 0.04. Now, turn this into a percent. Move the decimal, 2 places to the right or just multiply the decimal by 100.
0.04 = 4%
The final answer is 4%.
Another way of doing this is to get 100 as a denominator.
Since, percent means, "Out of 100", we have to make the denominator 100.
1.
Just divide each side by 2.
Again, the final answer is, 4%
<span>(If you feel that my answer has helped you, please consider rating it and giving it a thank you! Also, feel free to make the best answer, the brainliest answer!)
</span>
<span>Thank you! :D</span>
