nickmontano
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

A floral arrangement's appropriateness for an occasion depends upon the A. floral designer's credentials. B. season of the year. C. country in which the flow
A large mixed chorus will most likely include which voice parts?
What is president grant trying to find in the barrel?
78.74 divided by 12.7
Which point, if controlled by the Union, would result in the Confederacy being unable to import or export goods?
rome became the capital of the kingdom of italy after?
What is president grant trying to find in the barrel?
What property can you use to find 20x9x5
Plants with a primary root and little lateral roots that extend out from it have a _____ system. -Fibrous Root -Tap Root
which war is tim o'brien's short story " ambush " based on ?