The formula for simple annual interest is:
I = Prt
where,
I = Interest accumulated = $910.90
P = Principal Amount = $62000
r = Interest rate = 9.4% = 0.094
t = time in years
Using the values in above equation, we get:
910.90 = 62000 x 0.094 x t
⇒ t = 910.90/(62000 x 0.094) = 0.156
This is the time in years. Since there are 365 days in a year, the time in days will be:
t = 0.156 x 365 = 57 (rounded to nearest day)
This means, Nate kept the borrowed money for 57 days
Answer:
4073.76
Step-by-step explanation:
Answer:
D
Step-by-step explanation:
there were three times as many new subscribers in the 20-29 and the 30-39 age groups combined for the chronicle than in the 20-29 age group for the times.
Answer:
According to my calculations, 1.6 goes into 10.8 a total of 6 times with a remainder of 1.1999999999999993. If you continue the long division beyond the decimal point, the result would be 6.75.
Step-by-step explanation:
Answer:
$26,096
Step-by-step explanation:
property taxes = 31 January + 28 February + 31 March + 30 April + 31 May + 4 June = 155 days
property taxes = (155 days/365 days) x $5,309 = $2,254
agent's commission = 7% x $547,000 = $38,290
seller's net = $547,000 - $480,000 (mortgage) - $38,290 (agent's commission) - $360 (home warranty) - $2,254 (property taxes) = $26,096
