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3 years ago

Find the simple interest paid to the nearest cent for each loan amount, interest rate, and time.

Mathematics

1 answer:

myrzilka [38]3 years ago

4 0

Answer:

I = $ 1,937.50

Equation:

I = Prt

Calculation:

First, converting R percent to r a decimal

r = R/100 = 3.875%/100 = 0.03875 per year,

then, solving our equation

I = 10000 × 0.03875 × 5 = 1937.5

I = $ 1,937.50

The simple interest accumulated

on a principal of $ 10,000.00

at a rate of 3.875% per year

for 5 years is $ 1,937.50.

Step-by-step explanation:

please mark brainliest:)

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Irina18 [472]

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Questions and answers attached

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Answer:

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Step-by-step explanation:

Given:

Total number of friends = 3 friends

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Total number of card at least want to collect = 100

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Inequality

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Assume;

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Total number of card at least want to collect ≤ (Total number of friends)(Same number of card each friend collect) + Number of card already have

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3 years ago

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First
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