<em>h</em><em>i</em><em> </em><em>I am interested for your answers but I can't find 5x-3 in my profile as my number and I am currently in my second week and simplify days of my contract for my current role </em>
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Answer:
-4.8
Step-by-step explanation:
Answer:
The exact interest on $5,870 at 12% is $410.9
Step-by-step explanation:
From the information provided we know that
Principal amount: $5,870
Interest rate: 12% -> 0.12
Time: 7 months (From June to December)
When you know the principal amount, the rate, and the time, the amount of interest can be calculated by using the formula:
where P is principal, r is the rate of interest and t is the time in years.
We need to convert the 7 months into 1 year.
Now we can use the above formula
Therefore the exact interest on $5,870 at 12% is $410.9
This is because minus times minus is equals plus so the sign must change
All you have to do is multiply your number and then add them together !!
