Suppose you obtain a $1300 T note with a 9% annual rate paid monthly with Matt Trinity in six years how much interest will be pa

Question

3 years ago

8

id to you each month

2 answers:

dolphi86 [110] · Answer 1 · 2022-03-31T08:13:41+03:00

7 0

Answer:

2

Step-by-step explanation:

2

Rashid [163] · Answer 2 · 2022-03-31T10:38:21+03:00

From: rejkjavik

Ambitious

4.2K answers

10.3M people helped

Answer: simple interest = $9.75

Step-by-step explanation:

given data:

Principle = $1300

annual rate = 9%

time = 6 year =

we know that simple interest is given as

Simple interest

FOR ABOVE QUESTION

Time is 1 month

simple interest

simple interest = $9.75