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Answer:
You can calculate Interest on your loans and investments by using the following formula for calculating simple interest: Simple Interest= P x R x T ÷ 100, where P = Principal, R = Rate of Interest and T = Time Period of the Loan/Deposit in years.
Formula: Simple Interest=P×r×t where: P=Principal amount; r=Annual interest rate; t=...
Principal Amount: Principal Amount remains constant on Simple Interest
Meaning: Simple Interest is calculated on the Principal Amount for the entire tenure
Calculation: It is easy to calculate Simple Interest
Answer:
$936
Step-by-step explanation:
Simple interest is money you can earn by initially investing some money (a.k.a the principal). In return, a percentage (a.k.a the interest) of the initial money invested is added to the principal, this is what makes your initial investment grow.
The equation for simple interest is:
I = P x r x t
P = Principal, $2600
r = interest rate, 12%
t = time involved, 3 years
Fill in the values:
2600 × 0.12 × 3 = $936.00
Answer:
A 2
Step-by-step explanation:
When we divide x by 9 there is some whole number we will call y plus a remainder of 4
x/9 = y remainder 4
Writing this in fraction form
x/9 = y + 4/9
Multiplying each side by 9
9*x/9 = 9* y + 4/9 *9
x = 9y +4
Multiply each side by 2
2x = 2*(9y+4)
2x = 18y +8
Add 3 to each side
2x+3 = 18y +8+3
2x+3 = 18y +11
Divide each side by 9
(2x+3)/9 = 18y/9 +11/9
= 2y + 9/9 +2/9
=(2y+1 + 2/9)
We know y is a whole number and 1 is a whole number so we can ignore 2y +1 when looking for a remainder)
2/9 is a fraction
Taking this back from fraction form to remainder from
(2y+1) remainder 2
The answer would be -17 because i know
