The simple interest of $4,700 principal at 4% interest and 10 months is <u>$156.67</u> and its <u>maturity level</u> is <u>83%</u>.
<h3>What is simple interest?</h3>
Simple interest refers to the interest calculated only on the principal.
With the simple interest method, the borrower only pays interest on the principal without considering the previously-accumulated interests.
<h3>Data and Calculations:</h3>
Principal = $4,700
Interest rate = 4%
Period = 10 months
Simple interest = $156.67 ($4,700 x 4% x 10/12)
Thus, the simple interest of $4,700 principal at 4% interest and 10 months is <u>$156.67</u> and its <u>maturity level</u> is <u>83%</u>.
Learn more about simple interests at brainly.com/question/
Answer:
M=19400(1.5)/1-(1+1.5)-(15x12)
M=28917.50
Then you would round up so it wo9uld be $28,918.
Answer:
yes
Step-by-step explanation:
T = total cost for music school
L = # of lessons
T = $1,190 + ($40 × L)
T = $1,190 + ($40 × 12)
T. = $1,190 + $480
T = $ 1,670 for 12 lessons
