judithmena5432 judithmena5432

02-12-2021
Mathematics

contestada

If a loan for $500 at 8.75% interest per year is paid in 3 months, how much is the
interest? (Use I = PRT)

Respuesta :

sqdancefan sqdancefan

02-12-2021

Answer:

$10.94

Step-by-step explanation:

In the given formula, T is in years. 3 months is 3/12 years, so your interest is ...

I = PRT

I = $500×0.0875×1/4 = $10.9375 ≈ $10.94

$10.94 is the interest paid on the loan.

Answer Link

Otras preguntas

One unit of alcohol contains 8 grams of alcohol. calculate the risk of developing liver cancer for someone who consumes 4 units of alcohol a day

What is the distance from -5 to 0? 0, because 151=0 O 5, because 1-51=5 O5, because 1-51=-5 O-5, because 1-51 = -5 7 of 23 QUESTIONS SUBMIT

how do blood vessels function to maintain body temperature on hot and cold day

What should be added to (-10) to get (+10)

What is the force of gravity in water

15. Read the lines of verse. For thy sweet love remembered such wealth brings That then I scorn to change my state with kings. In Sonnet 29 by William Shakespea

boron& molybdenum are essential nutrients classified as: a) cofactors,b) antioxidants,c) major minerals,d) trace minerals

Use set notation to describe the domain and range of each graph. Use set notation to describe the domain and range of each graph .

Al + 0₂ → Al₂O3 help

Is the sentence below written in the active voice or passive voice? The magician was not invited by Doctor Eggman.