Question

$850 at 9% for 6 months find the amount of interest due

111

likes
556 views

Answer to a math question $850 at 9% for 6 months find the amount of interest due

Expert avatar
Seamus
4.9
96 Answers
To find the simple interest due, use the formula for simple interest I = P \cdot r \cdot t where \(P\) is the principal amount, \(r\) is the rate of interest per year, and \(t\) is the time in years.

Here, \(P = \$850\), \(r = 0.09\) (which is 9%), and \(t = \frac{6}{12}\) years or 0.5 years:

1. Compute the time in years: t = \frac{6}{12} = 0.5

2. Substitute the values into the formula:
I = 850 \cdot 0.09 \cdot 0.5

3. Calculate the interest:
I = 38.25

Therefore, the amount of interest due is \$38.25.

Frequently asked questions (FAQs)
What is the probability of getting exactly 3 successes in 5 independent trials, each having a success probability of 0.6?
+
What is the relationship between the angles formed by an angle bisector dividing a triangle?
+
What is the dot product of vector A (2, 3) and vector B (5, -4)?
+
New questions in Mathematics
Find 2 numbers that the sum of 1/3 of the first plus 1/5 of the second will be equal to 13 and that if you multiply the first by 5 and the second by 7 you get 247 as the sum of the two products with replacement solution
calculate the derivative by the limit definition: f(x) = 6x^3 + 2
-8+3/5
X^2 = 25
The graph of the equation x²= 4py is a parabola with focus F(_,_) and directrix y=_____ Therefore, the graph of x²=12y is a parabola with focus F(_,_) and a directrix y=_____
Elliot opened a savings account and deposited $5000.00 as principal. The account earns 4% interest, compounded annually. How much interest will he earn after 5 years? Round your answer to the nearest cent.
If f(x) = 3x 2, what is the value of x so that f(x) = 11?
Identify a pattern in the list of numbers.Then use this pattern to find the next number. 37,31,25,19,13
4. Show that if n is any integer, then n^2 3n 5 is an odd integer
is the x element (180,270), if tanx-3cotx=2, sinx ?
Convert 78 percent to a decimal
78 percent to a decimal
Find all real numbers x that satisfy the equation \sqrt{x^2-2}=\sqrt{3-x}
form a key for your lock containing the numbers 2 2 5 8 How many different keys can you form?
A property sold for $745,000 in a co-brokered transaction. The seller has agreed to pay a 7% commission to the listing firm. The listing firm has agreed to equally split the commission with the selling firm. If the buyer’s broker will receive 8% of the selling firm’s commission, how much commission will the buyer’s broker receive? $14,900 $3725 $$37250 $18625
Oi👋🏻 Toque em "Criar Nova Tarefa" para enviar seu problema de matemática. Um dos nossos especialistas começará a trabalhar nisso imediatamente!
Evaluate ab+dc if a=56 , b=−34 , c=0.4 , and d=12 . Write in simplest form.
6(k-7) -2=5
A small box measures 10 in. by 4 in. by 6 in. high. Find the volume of the box.
Suppose a car license plate consists of 2 letters and two digits of which the first cannot be zero. How many different plates can be engraved? consider only 26 letters and 10 digits draw an example of this.