The principal p is borrowed at a simple
Webb1st step. All steps. Final answer. Step 1/1. Simple interest rate formula is A = P ( 1 + r T) Where A is the future amount, P is Principal amount, T is time and r is the rate, We have P=2300. A= 2796. View the full answer. WebbAlgebra questions and answers. 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 = $5700 r = 7.5% t = 20 months. Question: The principal P is borrowed at simple interest rate r for a period of time t.
The principal p is borrowed at a simple
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WebbThe principal P is borrowed at simple interest rate r for a period of time t. Find the loan's future value, A, or the total amount due at time t. Round answer to the nearest cent.P = $700, r = 8.25%, t = 3 months A.$714.44 B.$715.75 C.$873.25 D.$719.44. arrow_forward. Webb13 okt. 2016 · The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume there are 360 days in a …
Webb28 mars 2024 · The principal P is borrowed at a simple interest rate t for a period of time t Find the simple interest owed for the use of the money Assume 365 days in a yoar. P=$14,500,r=11%,t=30days The simple interest awed for the use of the money is ? (Do not round unt the final answer. Then round to the nearest cent as needed). Webb14 aug. 2024 · where A is the balance, P is the principal, and I is the simple interest. Because \(I = P rt\), we substitute \(P rt\) for I in the last equation to get ... 36. The balance on a 8-year loan is $12,264. If the principal borrowed was $8,400, what was the simple interest rate (as a percent)? 37. The balance on a 5-year loan is $4,640.
WebbQuestion: The principal P is borrowed at a simple interest rate t for a period of time t Find the simple interest owed for the use of the money. Assume 360 days in a year. P=$7000,r=2%,1=1 yoar Find the range for the group of data items. 26,27,28,29,30 The range is. Show transcribed image text. Webb27 sep. 2024 · The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple inte… Get the answers you need, now! ... Determine the loan's simple interest rate r. P = $5000,00, A = $5275.00, t = 1 year (Round to the nearest tenth of a percent as needed.) See answer Advertisement Advertisement ...
WebbThe 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. $$ P = $7000, r = …
WebbFinal answer. Transcribed image text: The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume there are 360 days in a year. P = $7000,r = 2.0%,t = 9 months The simple interest owed for the use of the money is $ (Round to the nearest cent as needed.) father of jurisprudenceWebbFinal answer. Simple Interest SW Question \#1: The principal P is borrowed at simple interest rate r for a period of time t. Find the loan's future value, A, or the total amount due at time t. Round answer to the nearest cent. P = $7,600,r = 5.5%,† = 20 months. freyeria trochylusWebbAmount (A) = Principal (P) + Interest (I) Where, Amount (A) is the total money paid back at the end of the time period for which it was borrowed. The total amount formula in case of simple interest can also be written as: A = P(1 + RT) Here, A = Total amount after the given time period. P = Principal amount or the initial loan amount father of kai sottoWebbThe principal P is borrowed at a simple interest rater for a period of time t. Find the simple interest owed for the use of the money Assume 365 days in a year. P=$14,500, r= 11%, … father of julius caesarWebb10 apr. 2024 · The principal P is borrowed at a 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. … father of john quincy adamsWebb4 feb. 2011 · Find the principal. Dr. Collins borrowed some money to buy new furniture for her office. She paid $720.00 simple interest on a 7.5-year loan at 16%. Find the principal. Dr. Collins borrowed some money to buy new furniture for her office. She paid $720.00 simple interest on a 7.5-year loan at 16%. Find the principal. more similar questions father of junk bondsWebbThe principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume there 360 days in a year. … father of juanito pelaez