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

State the sphere standards for micro-nutrients suplimentation during an emergency set-up

whats the process to getting the answer

name the organelles which are abundant in pancreas

Jordan is using a number line to model the division expression Negative 24 divided by 12. What should be a step in his work?

Two trains going in opposite directions leave at the same time. Train B travels 5 mph faster than train A. In 3 hours the trains are 315 miles apart. Find the

Select the correct answer from each drop-down menu. Choose the correct way to complete each sentence. Maps, graphs, and charts are of .

Step 1: Read each section of the scenario on your own. a) If you have questions about how to complete this assignment, ask your teacher for assistance. b) If yo

A contemporary building has a window in the shape of a parallelogram with a base of 90 in and an adjacent side of 40 in. How many inches of trim are needed to s

name the branch of science that involves classification of species.Scientists have found containing fossilized cyanobacteria (blue-green algae). They show that

in chemistry what is Faraday's law