3 boxes are filled every 4 minutes
Answer:
$134.71
Step-by-step explanation:
This is a simple interest question
A = P(1 + rt)
A = Amount after t months or years
P = Principal or amount saved
r = interest rate = 5.18% = 0.0518
t = time.in years = 18 months
= 1 year and 6 month
= 1.5 year
A = $125( 1 + 0.0518 × 1.5)
A = $125 ( 1 + 0.0777)
A = $125(1.0777)
A = $134.71
Answer:
1.01
Step-by-step explanation:
Answer:
Amount of interest pay per year = $97.5 (Approx.)
Step-by-step explanation:
Given:
Amount borrow for college expenses = $3,897
Rate of interest = 2.5%
Find:
Amount of interest pay per year
Computation:
Using Simple interest formula;
Simple interest = Amount borrow x Rate of interest x number of year
Amount of interest pay per year = 3,897 x 2.5% x 1
Amount of interest pay per year = 3,897 x 0.025
Amount of interest pay per year = 97.425
Amount of interest pay per year = $97.5 (Approx.)
