2 years ago

Explain how to find simple interest

Mathematics

2 answers:

tiny-mole [99]2 years ago

8 0

Answer:

Step-by-step explanation:

1. Simple interest is calculated by multiplying the daily interest rate by the principal, by the number of days that elapse between payments.

2.Simple interest benefits consumers who pay their loans on time or early each month.

3.Auto loans and short-term personal loans are usually simple interest loans.

mr_godi [17]2 years ago

7 0

Answer:

Simple interest is calculated by multiplying the daily interest rate by the principal, by the number of days that elapse between payments.

Step-by-step explanation:

Principal x rate x time = interest.

$100 x .05 x 1 = $5 simple interest for one year.

$100 x .05 x 3 = $15 simple interest for three years.

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motikmotik

Answer:

1) X = 10 Therefore, 10 + 2 + 10 = 22.

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3 years ago

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2 years ago

Write as an equation: Sara spent $2 more than Lauren, and together they spent $19.

kupik [55]

Answer:

Equations:

a + b = 19

a = b + 2

a = Money that spent Laura

b = Money that spent Laureen

then:

(b+2) + b = 19

2b + 2 = 19

2b = 19-2

2b = 17

b = 17/2

b = 8.5

a = b + 2

a = 8.5 + 2

a = 10.5

Check:

10.5 + 8.5 = 19

5 0

3 years ago

If you deposit `\$300` in an account and it grows by `6\%` each year, how much money will be in your account after `1` year?

igomit [66]

Answer:

$318

Step-by-step explanation:

6% x 300 = 18

300 + 18 = 318

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2 years ago

Which of the following shows a true statement? -12 + (-7) = 12 - 7

Marizza181 [45]

Answer:

ok so its the first one

Step-by-step explanation:

it shows th same kind of aleration

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2 years ago