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Savatey [412]
2 years ago
6

Help. Me. Will give brainliest. 60 POINTS

Mathematics
2 answers:
tekilochka [14]2 years ago
8 0

Answer it is 2 hope that helps

WITCHER [35]2 years ago
6 0

Answer:

Step-by-step explanation:

it would be -2 ;)

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Step-by-step explanation:

<em>Step 1 : Write the formula for calculating simple interest.</em>

Simple Interest = <u>P x R x T </u>

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P: Principal Amount-The loan taken (30,000)

R: Interest rate at which the loan is give (6)

T: Time period of the loan in years-there are 12 months in 1 year. There are 7 months from May till June (7/12)

<em>Step 2: Substitute values in the formula</em>

Simple Interest = <u>30,000 x 6 x 7/12</u>

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Simple Interest = $1050

<em>Step 3: Calculate the amount due at maturity</em>

At the maturity or the end of the time period given, the original or principal amount of the loan has to be repaid along with the simple interest.

Amount at maturity = Principal Amount + Simple Interet

Amount at maturity = 30,000 + 1050

Amount at maturity = $31050

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