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

Name: Solved: What is the amount of interest of 75,000 at 3.45% per year, at the end of 12 years and 6 months? - MathMaster
Brand: MathMaster
Rating: 4.9 (121 reviews)

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 are the characteristics of the quadratic (square) function f(x) = x^2? Find the vertex, axis of symmetry, direction of opening, y-intercept, and x-intercepts.

Math question: Find the period, amplitude, and range of the function f(x) = tan(x). How many x-intercepts does it have?

What is the conjugate of the complex number 3 - 2i?

New questions in Mathematics

Calculate to represent the function whose graph is a line that passes through the points (1,2) and (−3,4). What is your slope?

Solution to the equation y'' - y' - 6y = 0

CASE 6-1: PREPARE A PRODUCTION PLAN: WHAT PROBLEMS ARRIVE? Midwest Plastics Company has conducted profit planning for several years. The president stated (with justification) that inventory control and planning had not been satisfactory, which was mainly due to poor planning of production and inventory budgets. Please analyze and provide recommendations, in detail, on the issue regarding the 20B profit plan, which is now being prepared. Their analysis and recommendations will be presented to the executive committee. Despite the seasonality factor, the sales department has been successful in developing a sales plan, on a monthly basis, for each year. The following sales data is available for 20B. 1. Sales plan summary for 20B: 2. Finished goods inventory, as of January 1, 20B, is 96,000 units. 3. Work-in-process inventory will remain constant. 4. Actual annual sales in 20A, including the estimate for December, were 350,000 units. 5. The average finished goods inventory during 20A was 70,000 units. IT IS REQUESTED. 1. Prepare the annual production budget, assuming that management policy is to budget ending finished goods inventory at a standard quantity, based on the ratio of historical sales of 20A to inventory turnover. 2. Prepare a schedule showing sales, production, and inventory levels for each month, assuming: 1) stable inventory, 2) stable production, and 3) recommended inventory-production levels. In developing your recommendations, assume that the following policies have been established: a) The president has set the policy that a maximum inventory of 85,000 units and a minimum inventory of 75,000 units should be used, except in abnormal circumstances. b) A stable level of production is definitely preferred, except that during the holiday season in July and August, production may be reduced by 25 percent. Likewise, a variation in production of 7.5 percent above and below the average level is acceptable. 3. What are the main problems faced by the company in production planning? Make your general recommendations.

2x-y=5 x-y=4

Exercise 4 - the line (AC) is perpendicular to the line (AB) - the line (EB) is perpendicular to the line (AB) - the lines (AE) and (BC) intersect at D - AC = 2.4 cm; BD = 2.5 cm: DC = 1.5 cm Determine the area of triangle ABE.

(5-(4-3)*3)-(8+5))

A, B, C and D are numbers; If ABCD = 23, What is the result of ABCD BCDA CDAB DABC operation?

To make brine, José buys 1 kg of salt and pays 12 pesos. If he buys 4 kg, they charge him 48 pesos, but for 100 pesos they sell him 9 kg. What is the constant of proportionality?

The beta of a company is 1.51 while its financial leverage is 27%. What is then its unlevered beta if the corporate tax rate is 40%? (4 decimal places)