ashleybear ashleybear

11-05-2016
Mathematics

Answered

Andrew borrows $79,500 for 5 months on 6.30% interest rate in his saving account. calculate the simple interest

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Snowpaw Snowpaw

15-05-2016

Equation i= p time r time T
79500 time .0630 time .42
Equal 21,035.7 simple interest
Dos Doctor pepper on the interest, going back two time on the left which would become .0630
5 divide month of 12 which is .41666
Round to the nearest tenth which is .42

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