The interest earned in 5 years would be $270
<u>Explanation:</u>
Given:
Principal, P = $1800
Rate of interest, r = 3%
Time, t = 5 years
Simple interest, I = ?
We know,
On substituting the value we get
Therefore, interest earned in 5 years would be $270
Answer:
the answer is C hope this helps
I’m not 100% sure but I think it’s 4 for the gcf
Nickels are 5 cents, and dimes are 10 cents.
(By luck..) eventually you can have 12 dimes, meaning you have 120 cents, or $1.20 ... 20-12=8.. meaning you used 12 dimes and are missing 8 more coins. which means you can have 8 nickels which is 40 cents. 120+40=160 cents or $1.60
Hope this helped.
Hello! The formula for simple interest is prt. That means you multiply the principal (initial amount) by the rate (simple interest percentage), by the amount of time (could be in months or years). So, the loan is $3,750 and the rate is 8.25% for 9 months. 9 months is 3/4 of the year, because there are 12 months in 1 year and 9/12 is 0.75. Let's multiply. 3,750 * 8.25% (0.0825) is 309.375 Now, multiply that number by 0.75 to get 232.03125 or 232.03 when rounded to the nearest hundredth (cent). The amount of simple interest is $232.03.
