5500*.025=137.50*8=1100
Take the principle times the intrest rate times 8. 1100 for 8 years or 137.50 for 1 year
Answer:
b.
Step-by-step explanation:
Answer:
the answer would be 2
Step-by-step explanation:
you'll get the answer by dividing
Answer:
I = $1,200.00
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 6%/100 = 0.06 per year,
then, solving our equation
I = 4000 × 0.06 × 5 = 1200
I = $1,200.00