Hello! The formula for simple interest is prt. That means you multiply the principal (initial amount) by the rate (simple interest percentage), by the amount of time (could be in months or years). So, the loan is $3,750 and the rate is 8.25% for 9 months. 9 months is 3/4 of the year, because there are 12 months in 1 year and 9/12 is 0.75. Let's multiply. 3,750 * 8.25% (0.0825) is 309.375 Now, multiply that number by 0.75 to get 232.03125 or 232.03 when rounded to the nearest hundredth (cent). The amount of simple interest is $232.03.
Answer:
basically multiplication, (that quantity) times 5
Step-by-step explanation:
Final amount = 6675, interest earned will be 675
Answer:
5.09 × 10^-2
Step-by-step explanation:
You have to take the number go to the decimal and move it until you get to the first number and in this case, it is 5 put the decimal there. To write it you have to count the number of times you moved the decimal. when doing this it will always be a number times 10^ the number you moved the decimal.