Answer:
Step-by-step explanation:
The formula for simple interest is expressed as
I = PRT/100
Where
P represents the principal
R represents interest rate
T represents time in years
I = interest after t years
From the information given
T = 8 months = 8/12 = 2/3 years
P = $3000
R = 9.3%
Therefore
I = (3000 × 9.3 × 2/3)/100
I = 18600/100
I = $186
The maturity value (in dollars) of this loan would be
3000 + 186 = $3186
The answer is 4.8
Simply divide 27.36 by 5.7
The difference of a number q and 8: q - 8
Answer:134
Step-by-step explanation:
Answer:
8 dollars and 30 cents.
Step-by-step explanation:
Take .50 and multiply that by the 6 CDs you bought. It comes out to 3 dollars. Then, take 67.80 and divide that by 6 and you get 11 dollars and 30 cents, now take the total tax off, which is 3 dollars, and now, each CD is 8 dollars and 30 cents before tax.
