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
likes605 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?
Esmeralda
4.7102 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 area of a regular hexagon with a side length of 8 units?
+
Math Question: "What is the sum of the interior angles of an isosceles triangle?
+
What is the measure of the third interior angle of an isosceles triangle if the other two angles are each 40°?
+
New questions in Mathematics