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

Find the 4 angles and the measure of are abd

Svetradugi [14.3K]

Answer:

Angle 1 = 80 (by definition)

Angle 3 = 180 - 80 = 100

Angle 4 + Angle 2 = 90

Also, Angle 2 = 40 (by definition)

So Anglee 4 = 50

6 0

3 years ago

Can someone help me with this?

Oduvanchick [21]

Answer:

Equation

Step-by-step explanation:

Equation Rate of change: 2/1=2

Graph Rate of Change: -4/1=-4

8 0

3 years ago

Read 2 more answers

Which number sentence is true?

statuscvo [17]

The answer would be D

3 0

2 years ago

Plzzz help plzzzzzzzzzzzzzz

mezya [45]

Given:

The figure of two quadrilaterals.

In $ABCD,AB=18,BC=20,CD=22,AD=24$

In $EFGH,EF=27,FG=30,GH=34, EH=36$

To find:

Whether the figures are congruent, similar or neither.

Solution:

Ratio of corresponding sides are:

$\dfrac{AB}{EF}=\dfrac{18}{27}$

$\dfrac{AB}{EF}=\dfrac{2}{3}$

Similarly,

$\dfrac{BC}{FG}=\dfrac{20}{30}$

$\dfrac{BC}{FG}=\dfrac{2}{3}$

$\dfrac{CD}{GH}=\dfrac{22}{34}$

$\dfrac{CD}{GH}=\dfrac{11}{17}$

And,

$\dfrac{AD}{EH}=\dfrac{24}{36}$

$\dfrac{AD}{EH}=\dfrac{2}{3}$

Clearly, $\dfrac{AB}{EF}=\dfrac{BC}{FG}=\dfrac{AD}{EH}\neq \dfrac{CD}{GH}$ .

All corresponding sides are not proportional.

Therefore, the figures are neither similar nor congruent. Hence, third option is correct.

7 0

3 years ago

Blanche invested 9800 in a savings account with a yearly interest rate of 2% for 15 years.how much simple interest did she earn?

OverLord2011 [107]

Multiply 9800 by . 2. Then multiply that answer by 15 to get the answer. hope that helps!

6 0

3 years ago

Read 2 more answers