Answer:
48,000
Step-by-step explanation:
320,000÷100=3200
1/100=3200
×15=48,000
therefore 15/100=48,000
I = p * r * n
i is the interest
p is the principal
r is the interest rate per time period
n is the number of time periods.
in your problem:
i = 900
p = 2000
r = what you want to find
n = 3 years
formula becomes 900 = 2000 * r * 3
solve for r to get r = 900 / 2000 / 3 = .15
that's .15 interest rate per year = 15% per year.
at a nominal interest rate of .15 per year, the interest rate per month would be .15/12 = .0125 per month.
the remaining balance at the end of 6 month is equal to 1907.140183
: 6
:
- i just plugged in every number in.
4 + 5 > 10
9 > 10? nope.
5+5 > 10
10 > 10 ? nope.
6+5 > 10
11 > 10? YES.
Answer: $30
Step-by-step explanation:
She has the money in her account for 24 months which is 2 years.
Simple interest is formula is:
A = P (1 + rate * no. of periods)
= 750 * ( 1 + 2% * 2)
= $780
She started with $750 and now has $780.
Earnings in simple interest :
= 780 - 750
= $30
Answer:
275
Step-by-step explanation: