This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The principal P is borrowed at simple interest rate r for a period of time t. Find the simple ... (Read 75 times)

anshika

  • Hero Member
  • *****
  • Posts: 510
on: Feb 2, 2020

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 = $600
r = 6.25%
t = 5 months
◦ $187.50
◦ $17.05
◦ $15.63
◦ $615.63

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 = $10,500.00
r = 12%
t = 60 days
◦ $207.12
◦ $1260.00
◦ $630.00
◦ $210.00
Thinking Mathematically ¦ Blitzer ¦ 6th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by anshika on Feb 2, 2020

Christopher

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Feb 2, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


anshika

  • Member
  • Posts: 510
Reply 2 on: Feb 2, 2020
Great answer, keep it coming :)

duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Feedforward control of breathing rate in an animal trained for athletic exercise. Feedforward control of breathing rate in an animal trained for athletic exercise.
Find the final amount if the initial amount is 400 units. Find the final amount if the initial amount is 400 units.
Men and women work the same number of hours a week, but men spend more time on paid work, and women ... Men and women work the same number of hours a week, but men spend more time on paid work, and women ...
How to find an angle in radians degrees for any given reciprocal trigonometric function How to find an angle in radians degrees for any given reciprocal trigonometric function
Embryonic Period Embryonic Period
A clock is showing the time as exactly 3:00 p.m. and 25 s. A clock is showing the time as exactly 3:00 p.m. and 25 s.
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library