katrinaklabunde1999 katrinaklabunde1999
  • 02-06-2017
  • Mathematics
contestada

Compute the amount of interest earned in the following simple interest problem. A deposit of $7,000 at 8.5% for 120 days.

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 02-06-2017
Hi there
The formula is
I=prt
I interest earned?
P principle 7000
R interest rate 0.085
T time 120/360

I=7,000×0.085×(120÷360)
I=198.33

Hope it helps
Answer Link

Otras preguntas

2x7+2 ? What does x =
During the month of May, home sales were $156,500, $205,400, $146,900, $164,250 and $142,500. What is the average home sale for the month of May?
The total number of subatomic particles in the nucleus is known as what
Describe how kinetic and potential energy change as a diver climbs up to a diving board and then dives into the water below.
You have -30 point in a video game. You earn 57 point. What is your final score?
The most likely historical reason why Indians are not a dominant ethnic group in this country is
What is the value of c? 13c−22=−17c+14 Enter your answer in the box. c =
Given: l | | m  m∠4 = 105° and m∠6 = 50°. m∠2 =   50° 55° 75°
What woiluld happen to a person who is not getting enough essential amino acids in his or hers diet
What does Elisa see at the end of the chrysanthemums that make her sad?