Question

What interest will produce $5,850 mxn for a period of 2 years and 6 months at 18% annually?

113

likes
565 views

Answer to a math question What interest will produce $5,850 mxn for a period of 2 years and 6 months at 18% annually?

Expert avatar
Lurline
4.6
104 Answers
1. Determine the principal amount (P):

P=5850\,

2. Convert the time period from years and months to only years:

t = 2 + \frac{6}{12} = 2.5 \, \text{years}

3. Use the annual interest rate (r) expressed as a decimal:

r = 0.18

4. Calculate the simple interest (I) using the formula:

I = P \cdot r \cdot t

I = 5850 \cdot 0.18 \cdot 2.5

I = 5850 \cdot 0.45

I=2632.50\,

Answer:

I=2632.50\,

Frequently asked questions (FAQs)
Find the roots of the equation x³ - 2x² - 5x + 6 = 0.
+
What is the equation of an ellipse with its center at (h, k), major axis of length 2a, and minor axis of length 2b?
+
Question: Graph the inequality system: y ≤ 2x - 5, x + y ≥ 10.
+
New questions in Mathematics
a to the power of 2 minus 16 over a plus 4, what is the result?
Convert the following function from standard form to vertex form f(x) = x^2 + 7x - 1
The strength of Kefexin oral suspension is 100 mg/ml. Nora has been prescribed cefalexin at a dose of 50 mg/kg/day divided in two single doses. Nora weighs 14 kg. How many milliliters of solution for Nora should be given as a single dose?
a ferry travels 1/6 of the distance between two ports in 3/7 hour. The ferry travels at a constant rate. At this rate, what fraction of the distance between the two ports can the ferry travel in one hour.
431414-1*(11111-1)-4*(5*3)
A person who weighs 200 pounds on earth would weigh about 32 pounds on the moon. Find the weight of a person on earth who would weigh 15 pounds on the moon.
Calculate the equation of the tangent line ay=sin(x) cos⁡(x)en x=π/2
4.2x10^_6 convert to standard notation
1. Suppose we have a good whose quantity supplied changed from 100 to 120 units when the price increased from $10 to $12 per unit. Compute the price elasticity of supply using the midpoint method
Solve this mathematical problem if 3/5 of a roll of tape measures 2m. How long is the complete roll? Draw the diagram
A pair of die is thrown and the absolute difference of the two scores is recorded. What is the probability of the absolute difference being 4 or more?
Nice's central library building is considered one of the most original in the world, as it is a mix between a sculpture and a work of habitable architecture. It was called La Tête Carrée and is made up of part of a bust that supports a cube divided into five floors. It is known that the building has a total height of approximately 30 meters. It admits that the cubic part of the sculpture is parallel to the floor and has a volume of 2744 meters3 Calculate, in meters, the height of the bust that supports the cube. Displays all the calculations you made.
A bag has 4 green lollipops, 3 white lollipops, and 1 black lollipop. What is the probability of drawing a white lollipop?
Determine a general formula​ (or formulas) for the solution to the following equation.​ Then, determine the specific solutions​ (if any) on the interval [0,2π). cos30=0
Your grandfather has run a small high street pharmacy for 40 years. After much persuasion, he has agreed to open a digital store online. List 5 potential ways to improve sales and/or margins by having a digital pharmacy through the utilisation of historic or new sales data.
Let X be a discrete random variable such that E(X)=3 and V(X)=5. Let 𝑌 = 2𝑋^2 − 3𝑋. Determine E(Y).
7- A printing company found in its investigations that there were an average of 6 errors in 150-page prints. Based on this information, what is the probability of there being 48 errors in a 1200-page job?
Sally’s sales for last Sunday were $1,278. That was an increase of 6.5% over her sales for the previous Saturday. What were her sales for the previous Saturday?
Paola went on vacation for 15 days if it rained 20% of the days. How many days did it rain?
Mark is gluing a ribbon around the sides of a picture frame. The frame is 11 inches long and 7 includes wide. How much ribbon does Mark need?