5000 × .06 = $300 balance $5,300
5300 × .06 = $318 balance $5,618
5618 × .06 = $337.08 balance $5,955.08
5955.08 ×.06 = $357.30 balance $6,312.38
So 48 • 4 would equal 192 so 4 • 2 mins equals 8 mins and then you have 8 more books to unpack so 48 divide by 8 equals 6. So the answer would bc (8 mins and 6 second)
9514 1404 393
Answer:
3 months
Step-by-step explanation:
We don't know what's on your list of "useful financial formulas." One that can be used here is the formula for simple interest:
I = Prt . . . . . interest on principal P at annual rate r for t years
Solving for t gives ...
t = I/(Pr)
Filling in the given values, we can find t to be ...
t = 138/(4800×0.115) = 138/552 = 1/4
1/4 year is 3 months -- the duration of the loan.
Use the formula I = PRT.....you'll get $2000
