azariyah17055
azariyah17055 azariyah17055
  • 14-12-2018
  • Mathematics
contestada

What is the interest if the principal is $10000 th interest rate 2% and the time is 8 years

Respuesta :

savageduck89
savageduck89 savageduck89
  • 14-12-2018

Answer:

the answer is 500

Step-by-step explanation:

step one is  convert interest rate of 2% per 6 months into rate per year.

step two is convert 9 months into years.

step three Find principal by using the formula I=P⋅i⋅t, where I is interest, P is total principal, i is rate of interest per year, and t is total time in years.



Answer Link

Otras preguntas

The actual sites of taste transduction are the gustatory. True or False
What was Caesar Augustus's main reason for ordering the construction and renovation of buildings in Rome?He wanted the city to be ruled by various leadersHe wan
1. Why was Germany divided into East and West after World War II?
2. The best solution for trying to end the Great Depression involved deficit financing to rebuild mass purchasing power. True or False?
Chris made hamburgers for his family and they each had a diameter of 3 in. If he made 16 hamburgers.What is the total area for all 16?​
which statements are true
a group of diseases that make breathing more difficult
How are homologous chromosomes different from chromatids?
What are the positive and negative effects of sending in troops as a response to difficulties
You have $3 and earn $7.50 for each car you wash. Write an equation in two variables that represents the total amount A (in dollars) you have after washing c ca