leeleeme leeleeme
  • 24-11-2016
  • Mathematics
contestada

Find simple interest on a $27500 loan over 64 months at 3.25% annually

Respuesta :

apologiabiology
apologiabiology apologiabiology
  • 24-11-2016
I=PRT
P=principal=present amount
R=rate
t=time in years

12months per year
64/12=5 and 1/3 year


I=27500 times 0.0325 times 5.333333333
I=5236

interest=$5236
Answer Link

Otras preguntas

Why can it be said that WWII is a direct result of World War I?
How to solve this problem???
In what way does the Dewey Decimal Number help you?
A frog jumps in the air. The height, in inches of the frog is modeled by the function h(t) = 60t-75t^2, where t is the time after it jumped, measured in seconds
ill give brainly and 30 points 10 mins before i take the quotation down
classify the system as consistent independent inconsistent or coincident { 3x - 6y = -12 x - 2y = -8
What did Gorbachev do to change politics and life in the Soviet Union?
Joey enlarged a 3-inch by 5-inch photograph on a copy machine. He enlarged it four times. The table below shows the area of the photograph after each enlargemen
Maria set a SMART goal for her chocolate business: “Increase online sales by 50% by the end of 6 months”. What would be a good KPI for her to use to evaluate if
A 1-kg trophy sits on a shelf. What is the normal force and the direction exerted by the shelf? (Acceleration due to gravity is 9.8 m/s/s.) 1 N up 1 N down 9.8