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Bumek [7]
3 years ago
9

What is the interest rate $2,200 at 7.5% for 3 1/4 years

Mathematics
1 answer:
Phoenix [80]3 years ago
5 0

Answer:

$536.25

Step-by-step explanation:

First, you need to find what 7.5% of $2,200 is,

(2200/100)7.5=165

then to find how much interest has accumulated over 3 1/4 year you need to multiply the one-year interest rate by the 3.25

(165)3.25=536.25

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Homework: 7.1 hw
Scrat [10]

Answer:

a. $ 2,431.01 = 4 years

b. $ 4,584.04  = 17 years

c. 4.57 years = $ 2,499.57

d. 8.3 year = $ 2,998.48

e.  $ 2,431.01 = 4 years

Step-by-step explanation:

Compound Interest Equation

A = P(1 + r/n)nt

Where:

A = Accrued Amount (principal + interest)

P = Principal Amount

I = Interest Amount

R = Annual Nominal Interest Rate in percent

r = Annual Nominal Interest Rate as a decimal

r = R/100

t = Time Involved in years, 0.5 years is calculated as 6 months, etc.

n = number of compounding periods per unit t; at the END of each period

5 0
3 years ago
3(2x-7=5-(1-x) pls help me
vekshin1

Answer:

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then do 3.1     Pull out like factors :

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 5 • (x - 5)  = 0

4.2      Solve  :    x-5 = 0

Add  5  to both sides of the equation :

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Step-by-step explanation:

7 0
2 years ago
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