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

If you were to 'unroll' the cylinder you would find the the side is actually a rectangle when flattened out.

Why is the Supreme Court an important part of the US government?

How do you find the volume of a cylinder??

Describe what you think it must have been like to be an Aeronaut. plsss help

(-2,9) and is perpendicular to y=1/5+2

Determine if the expression 9y^5+ y − 3y^3is a polynomial or not. If it is a polynomial, state the type and degree of the polynomial.

An investor deposits $35,000 into an IRA for her retirement in 25 years.The account pays 3.5% interest compounded continuously. She also plans to deposit $1800

A school is holding its annual book fair. The line plot below shows the amount of books students have bought What is the experimental probability that a student

Find the size of an angle which is five times it's supplement.

A giant scoop, operated by a crane, is in the shape of a hemisphere of radius 24 inches. The scoop is filled with molten steel. The steel is then poured into a