Answer:
Formulate
Based on the given conditions, formulate:
Evaluate
Evaluate the equation/expression:
20.78461
SO THE ANSWER IS 20.78461
Answer: the interest on the loan is $39.38
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the loan.
P represents the principal or amount taken as loan
R represents interest rate
T represents the duration of the loan in years.
From the information given,
P = $350
R = 4.5%
There are 12 months in a year. Converting 30 months into years, it becomes
30/12 = 2.5. so
T = 2.5 years
Therefore
I = (350 × 4.5 × 2.5)/100
I = $39.38
The product will have 9 digits after decimals . This is because the number of decimal points are added in multiplication.
For eg. 2.5×2.5=6.25 , 0.5×0.5=0.25 .
Answer:
164 ft squared
Step-by-step explanation:
