Question

What is the amount of interest of 75,000 at 3.45% per year, at the end of 12 years and 6 months?

121

likes

605 views

Answer to a math question What is the amount of interest of 75,000 at 3.45% per year, at the end of 12 years and 6 months?

$Expert avatar$

Esmeralda

4.7

102 Answers

The formula for simple interest is: I=\frac{P\times t\times r}{100} Given P = $75000, t = 12.5 years, and r = 3.45% or 0.0345: I=\frac{75000\times12.5\times0.0345}{100}=323.4375

Frequently asked questions (FAQs)

What is the radian measure of an angle that is equal to two complete revolutions?

Question: What is the derivative of f(x) = 3x^2 + 2x - 1 with respect to x?

What is the equation of a hyperbola with a center at (0,0), foci at (-5,0) and (5,0), and vertices at (-9,0) and (9,0)?

New questions in Mathematics

Find two natural numbers whose sum is 230 and their difference is 10. Set up the system and solve it.

The patient is prescribed a course of 30 tablets. The tablets are prescribed “1 tablet twice a day”. How many days does a course of medication last?

(x^2+3x)/(x^2-9)=

String x = 5 Int y=2 System.out.println(x+y)

A book is between 400 and 450 pages. If we count them 2 at a time there is none left over, if we count them 5 at a time there is none left over and if we count them 7 at a time there are none left over, how many pages does the book have?

If O(3,-2) is reflected across x = 2. What are the coordinates of O

Margin of error E=0.30 populations standard deviation =2.5. Population means with 95% confidence. What I the required sample size (round up to the whole number)

How many anagrams of the word SROMEC there that do not contain STROM, MOST, MOC or CEST as a subword? By subword is meant anything that is created by omitting some letters - for example, the word EMROSCT contains both MOC and MOST as subwords.

I need to know what 20% or £3292.75

A triangular window has a base of 6 ft. and a height of 7 ft. What is its area?

19) If the temperature of -8°C decreases by 12°C, how much will it be? a)-20°C -4°C c) 4°C d) 20°C

If a two-branch parallel current divider network, if the resistance of one branch is doubled while keeping all other factors constant, what happens to the current flow through that branch and the other branch? Select one: a. The current through the doubled resistance branch remains unchanged, and the current through the other branch decreases. b. The current through the doubled resistance branch decreases, and the current through the other branch remains unchanged. c. The current through the doubled resistance branch increases, and the current through the other branch remains unchanged. d. The current through both branches remain unchanged.

Solve equations by equalization method X-8=-2y 2x+y=7

Find the center coordinates and radius of a circle for an equation written as: 3x2 + 3y2 - 6y = —12× + 24

Next%C3%B3n%2C+we+are+given+a+series+of+Tri%C3%A1angles+Right%C3%A1angles+%3Cbr%2F%3Ey+in+each+one+of+them+ are+known+2%28two%29+measurements+of+sides.+%3Cbr%2F%3Elet's+determine+all+trigonom%C3%A9tric+ratios.

A,B,C and D are the corners of a rectangular building. Find the lengths the diagonals if AB measures 38' - 9" and AD measures 56' - 3"

A hardware bill totals $857.63 with discounts of 5% and 3%. What is the net cost of the Material ?

8/9 divided by 10/6

the length of the fenced in area is to be 5 ft greater than the width and the total amount of fencing to be used is 89 ft find the width and length

Paola went on vacation for 15 days if it rained 20% of the days. How many days did it rain?

What is the amount of interest of 75,000 at 3.45% per year, at the end of 12 years and 6 months?

Answer to a math question What is the amount of interest of 75,000 at 3.45% per year, at the end of 12 years and 6 months?

You might be interested in