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

solutions for looting

PLEASE HELP ME Solve the following equation. -3=z +4 A z=1 B z=-1 C z=-7 D z= 7

Shoprite's business productivity

Could someone please explain how to convert this y=mx+b equation (y=-2/3x -5/6) to standard form Ax + By + C=0

Latitude and longitude may be used to determine which of the following characteristics of a place! (A) Its site features (B) Its absolute location (C) Its relat

four factors that may lead to an increase of learners abusing substance in schools

The majority of Italian immigrants arrived in the United States between. 1600 and 1776 1776 and 1840 1840 and 1870 1880 and 1910

PLEASE HELP I WILL GIVE BRAINIEST

Some help here pls ??

Write about my routine