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)

Math question: "Use the difference of squares formula to factorize x^2 - 64.

Math Question: What is the derivative of the function f(x) = sin(x^2) - e^(3x) with respect to x? (

What are the characteristics of an ellipse function given by the equation (x^2/a^2) + (y^2/b^2) = 1?

New questions in Mathematics

One contestant on a game show has 1,500 points and another contestant has -250 points. What is the difference between the scores of the contestants?

QUESTION l. An investigation has been carried out in a region to know the perception of "citizen insecurity" of its inhabitants. 1,270 people in the region were interviewed, of which 27.1% responded that it was a "serious" problem. Knowing that this opinion was previously held by 25.3% of the population of that region, we want to know if said opinion has changed significantly for a confidence level of 97.2%. Taking this statement into account, the following is requested: a) Critical value of the contrast statistic. b) Solve the hypothesis test and indicate what conclusion we can reach. c) P-value of contrast.

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.

Using the integration by parts method, calculate the integral of [x².ln(1/x)]dx: x 4 /4 x³/6 x 4 /8 x³/3 x 4 /6

The bus one way of the road which is 10km is heading with speed of 20km/h ,then the bus the other 10km is heading with speed of 60km/h. The middle speed of the road is it equal with arithmetic speed of the v1 and v2 ?

9b^2-6b-5

-0.15/32.6

4. Show that if n is any integer, then n^2 3n 5 is an odd integer

At the dance there are 150 boys the rest are girls. If 65% are girls what is the total amount in the room

The grading on a $159,775 house comes to $3974.75. What percent of the total cost is this? (Express your answer to the nearest hundredth percent.)

How to factorise 5y^2 -7y -52

Consider mixing 150 ml, 0.1M, HCI with 100 ml, 0.2M, KOH solution. Determine the pH of final solution.

Solve the following 9x - 9 - 6x = 5 + 8x - 9

Convert (324)𝑓𝑖𝑣𝑒 into base-ten

Recall that with base- ten blocks, 1 long = 10 units, 1flat = 10 long, and a block = 1 unit. Then what number does 5 flat, 17long and 5 units represent represent ?

The perimeter of a rectangular rug is 42 feet. The width is 9 feet. What is the length?

Define excel and why we use it?

23,456 + 3,451

The car with an irresponsible driver starts to brake when it goes through a red light. When passing the traffic light, he does so at a speed of 115 kph in the right lane. Further ahead, 70 meters from the traffic light, a child is crossing the street and falls. If the effect of the car's brakes is equivalent to a deceleration of magnitude 5.7m/s². Is the child hit by the car or not? How far from the traffic light does the car stop?

Construct a set of six pieces of data with mean, median, and midrange of 67 and where no two pieces of data are the same.

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