nickmontano nickmontano

05-03-2015
Mathematics

contestada

Determine the simple interest paid after 3 months on a loan of 9,700 dollars borrowed at an annual interest rate of 11%.

Respuesta :

AaronNicole AaronNicole

05-03-2015

Multiply $9700 by 11% to get the annual interest, then divide by 12 months in year and multiply by # of months. 9700 * .11 = 1067 1067/12 = 88.9166666 88.9166666*3= $266.75

Answer Link

Otras preguntas

Is 1.027 5 greater than 1.029

How do you convert 56 kilometers to inches

Which of the following is a common source of groundwater pollution? A. Oil dumping and Oil Spills B. Tossing candy bar wrappers into a stream C. Flushing househ

how to eliminate negative self-talk

4/y+3 + 5/y-6 = 9/y+4 . solve the equation

Harvey plans to use 5 ft of shelving for four shelves whose lengths are to be a series of consecutive even numbers. How many inches long should each shelf be ?

what did americans gain from literature, music, and arts

you're a member of the republican party. you go to vote for the party nominee for president. on your ballot are candidates for both the democratic and republica

When asked to write a point-slope equation for the line shown below, a student wrote y-4=2(x-1). How can he fix this to write the correct equation?

2r2 + 3s3 − r2 + 4t2 − r2 if r = −2, s = −3, and t = 5