Answer:
<em>Habiba will pay $262.20 of Interest.</em>
Step-by-step explanation:
<u>Simple Interest</u>
Simple interest is a method of calculating the interest charge on a loan. The Interest (I) is determined by multiplying the yearly interest rate (r) by the principal (P) by the number of years that elapsed between payments (t).
The formula to calculate the interest Habiba will pay is:
I=P.r.t
The values are:
P=950
t=3 years
r=9.2% yearly= 0.092
Substituting the values:
I=950*0.092*3
I=262.20
Habiba will pay $262.20 of Interest.
Answer:
is this algebra 1
Step-by-step explanation:
Answer:
She will have 1824.98 dollars in five years
Step-by-step explanation:
1500 X 1.04 ^ 5
Answer:its not
D, C,or A
Step-by-step explanation:SORRY IF IM NOT RIGHT!!! MARK ME BRAINLIEST