To take a percent, move the decimal point of the percent two places to the left. 7% = 0.07
Then multiply:
12.60 • 0.07 = 0.88
12.60 + 0.88 = 13.48
The total cost is: $13.48
Answer:
3 (-4,3)
Step-by-step explanation:
Hi! It’s me from your other post! Here’s my work for you! It’s been awhile since I’ve done this stuff so I’m really sorry if I get you a bad grade! I just wanted to help out:))
Your answer will be a repeating decimal or fraction
54.333
54 1/3
Answer:
<em>The simple interest is $11,212.5 and the equation to determine Josh's simple interest is I = PRT/100</em>
Step-by-step explanation:
The formula for calculating simple interest is expressed as;
SI = Principal * rate * time/100
SI = 50,000 * 6.9*39/100*12
SI = 500*6.9*39/12
SI = 134,550/12
SI = 11,212.5
<em>Hence the simple interest is $11,212.5 and the equation to determine Josh's simple interest is I = PRT/100</em>
P is the amount borrowed
R is the interest rate
T is the time in years
