Answer:
$395.61
Step-by-step explanation:
The formula for simple interest is:
Where
i is the interest amount
P is the principal amount
r is the rate of interest per time period
t is the time period
Here,
P = 4869
we want to find after 30 months, that converted to years is:
30/12 = 2.5 years
t = 2.5
The annual rate is 3.25% = 0.0325
Now, substituting, we find our answer:
The interest earned is <u>$395.61</u>
Answer:
Step-by-step explanation:
1. A number written in scientific notation has the following form:
Where is is a number between 1 and 10 but not including 10, and b is an integer.
2. The negative exponent indicates the number of places the decimal point must be moved to the left to obtain the number as a decimal number.
3. Keeping this on mind, you can know that: if the exponent of a number written in scientific notation indicates that the decimal point must be moved 5 places to the left and another number written in scientific notation indicates that the decimal point must be moved 2 places to the left, then the first number is smaller than the second one.
4. Therefore, you can arrange the numbers given in the problem as following: