Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
Gideon123 Gideon123
wrote...
Go to Answer
Posts: 524
Rep: 12 0
4 years ago

Question 1.

The principal P is borrowed at simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume 360 days in a year and round answer to the nearest cent.

P = $200.00
r = 5%
t = 5 months

▸ $50.00

▸ $4.17

▸ $204.17

▸ $250.00

Question 2.

The principal P is borrowed at simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume 360 days in a year and round answer to the nearest cent.

P = $5700
r = 7.5%
t = 20 months

▸ $777.27

▸ $712.50

▸ $6412.50

▸ $8550.00
Textbook 
Thinking Mathematically

Thinking Mathematically


Edition: 6th
Author:
Read 82 times
1 Reply
Replies
Answer verified by a subject expert
tlastertlaster
wrote...
#1
Posts: 402
Rep: 55 0
4 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Gideon123 Author
wrote...

4 years ago
Thanks
paulinaibarra98
wrote...

Yesterday
Good timing, thanks!
Jadakiss
wrote...

2 hours ago
This site is awesome
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1526 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 280
  
 172
  
 336
Your Opinion
Where do you get your textbooks?
Votes: 447
Previous poll results: What's your favorite coffee beverage?