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

jasmine wants to eat at 8:00 pm. her meal takes 65 minutes to cook. what time does she need to put the meal in the oven?

1. Find the area. The figure is not drawn to scale. A. 28.08 cm^2 B. 2.5 cm^2 C. 7.9 cm^2 D. 14.04 cm^2 2. Find the area. The figure is not drawn to scale. A. 3

how was the rosetta stone used

which of the following is an example of a complex formula

you are driving in the left lane on a multi-lane expressway, and are moving a bit faster than other traffic. a speeding car comes up behind you. you should a: s

Twice a number decreased by 16 is 64.

how is the structure of cellulose and starch similar

What social issues that could lead to social injustice?

The density of an element is 19.3 g/cm^3. What is its density in kg/m^3?

which of the following properties of water would be most important in protecting a fish in a shallow pond on a hot summer day? a. the low density of water in th