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3 years ago

300,9%,3years what is the simple interest

Mathematics

1 answer:

PSYCHO15rus [73]3 years ago

6 0

Answer:

Step-by-step explanation:

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.

hope this helps you!

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2 years ago

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BlackZzzverrR [31]

Answer:

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3 years ago

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4 years ago

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2 years ago

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ehidna [41]

Answer:

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4 years ago

300,9%,3years what is the simple interest ￼

300,9%,3years what is the simple interest