All categories

3 years ago

Compute the amount of interest earned in the following simple interest problem.

Mathematics

2 answers:

Rufina [12.5K]3 years ago

6 0

Answer:

Interest earned $151.67

Step-by-step explanation:

To find out the amount of interest earned by simple interest.

Deposit = $7,000

Rate of interest = 6.5%

Time = 120 days

To calculate the interest of simple interest deposit, we use the formula :

I = Prt

I = Interest of the amount

P = Principal amount

r = Rate of interest ( in decimal )

t = time (in year)

Here we have to calculate the interest for 120 days so t would be 120 ÷ 360

I = 7000 × 0.065 × 120 ÷ 360

I = $151.666 ≈ $151.67

Interest earned $151.67

Flura [38]3 years ago

4 0

I=prt
I=7,000×0.065×120÷360
I=151.67

You might be interested in

BRAINIEST TO WHOEVER RIGHT

adoni [48]

Answer:

i know b only Sorry hope this helps tho

Step-by-step explanation:

its 4 because each space is 25% no matter how big or small it is. so if you land on -9 to -5 thats 25% and to -2 thats another 25% total 50% its asking for 75% so you go one more which lands on 4 making it 75%

5 0

3 years ago

Read 2 more answers

Ms.Waddell put a 12-inch tall bucket under a leak in her sink. The bucket fills at a constant rate of 1/2 inch in every 1/6 of a

Angelina_Jolie [31]

Answer:

4 hours

Step-by-step explanation:

To solve this question you will simply make a ratio type equation. You know that every 1/6 of an hour, or every 10 minutes, the bucket will fill 1/2 an inch. The bucket is 12 inches tall.

$\frac{10 min}{1/2 inch} = \frac{x min}{12 inches}$

Cross multiply

$120=\frac{1}{2} x$

$x=240 min$

Convert minutes to inches

$\frac{240 min}{1} * \frac{1 hr}{60 min} = 4 hr$

Final answer: 4 hours

Hope this helps!

8 0

3 years ago

I need help this is hard please help me

Mademuasel [1]

Answer:

P(t)=25000+1.12t

Step-by-step explanation:

Now can you help me?

A basketball is thrown upwards. The height f(t), in feet, of the basketball at time t, in seconds, is given by the following function:

f(t) = −16t2 + 16t + 32

Which of the following is a reasonable domain of the graph of the function when the basketball falls from its maximum height to the ground?

3 0

2 years ago

Read 2 more answers

If town A had 35 people, 12 left, 13 joined, 39 joined, 25 got killed, how many people were there left?

Makovka662 [10]

Answer:

Step-by-step explanation:

35 - 12 + 13 + 39 - 25 = 50

6 0

3 years ago

Mona's math certificate is 10 inches tall and 14 inches wide. Mona wants to put the certificate in a fancy frame that costs $1.0

swat32

Answer:

$48.96

Step-by-step explanation:

Given data

Length= 10inches

Width=14 inches

Let us find the perimeter of the certificate

P=2L+2W

P= 2*10+2*14

P=20+28

P= 48 inches

Hence if 1 inche cost $1.02

Then 48 inches will cost x

cross multiply we

x= 48*1.02

x= $48.96

Hence it will cost $48.96 to frame the certificate

6 0

3 years ago