A contractor gives a bank note for $10250 at a rate of 1% for one month. How much interest is charged for 4 months?

Name: Solved: A contractor gives a bank note for $10250 at a rate of 1% for one month. How much interest is charged for 4 months? - MathMaster
Brand: MathMaster
Rating: 4.9 (138 reviews)

138

likes

688 views

Answer to a math question A contractor gives a bank note for $10250 at a rate of 1% for one month. How much interest is charged for 4 months?

$Expert avatar$

Bud

4.6

97 Answers

p=10250, r=0.01 and t=4; now si=ptr=10250 * 0.01 * 4=410

Frequently asked questions (FAQs)

Question: What is the vertex form equation of a quadratic function that has a vertex at (-3, 2)?

Math question: What is the limit as x approaches 3 of (4x-9)/(x^2-1)?

Math question: "Consider the logarithmic function f(x) = log(base 2)(x + 1). Graph f(x) over the domain x ∈ (-1, ∞). How many x-intercepts does the graph have?"

New questions in Mathematics

given cos26=k find cos13

2+2

-6n+5=-13

Karina has a plot of 5000 square meters in which she has decided that 60% of it will be used to plant vegetables. Of this part, 12% will be dedicated to planting lettuce. How much surface area of the plot will be used to grow lettuce?

Consider the relation R defined on the set of positive integers as (x,y) ∈ R if x divides y. Choose all the true statements. R is reflexive. R is symmetric. R is antisymmetric. R is transitive. R is a partial order. R is a total order. R is an equivalence relation.

What is the r.p.m. required to drill a 13/16" hole in mild steel if the cutting speed is 100 feet per minute?

A construction company is working on two projects: house construction and building construction. Each house requires 4 weeks of work and produces a profit of $50,000. Each building requires 8 weeks of work and produces a profit of $100,000. The company has a total of 24 work weeks available. Furthermore, it is known that at least 2 houses and at least 1 building must be built to meet the demand. The company wants to maximize its profits and needs to determine how many houses and buildings it should build to meet demand and maximize profits, given time and demand constraints.

Find the equation of the line perpendicular to −5𝑥−3𝑦+5=0 passing through the point (0,−2)

The durability of a tire of a certain brand is a Normal random variable with an average of 64,000 km and a standard deviation of 9,000 km. Assuming independence between tires, what is the probability that the 4 tires on a car will last more than 58,000 km?

User Before the election, a poll of 60 voters found the proportion who support the Green candidate to be 25%. Calculate the 90% confidence interval for the population parameter. (Give your answers as a PERCENTAGE rounded to TWO DECIMAL PLACES: exclude any trailing zeros and DO NOT INSERT THE % SIGN) Give the lower limit of the 90% confidence interval Give the upper limit of the 90% confidence interval

1. A pediatric client is prescribed digoxin for congestive heart failure. The dose prescribed is 40 mcg/kg twice daily. The child weighs 33 pounds. What is the dosage in mg to be given per dose? Round to the nearest hundredth. Calculate your answer in mg per dose. Enter numerical value only.____mg