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 is the derivative of f(x) = sin(2x) - cos(3x) + tan(4x) at x = π/6?

What is the value of the cube root function when evaluated at the input x = 8?

What is the average monthly rainfall in inches for a city that received 2.5, 3.2, 1.8, and 2.9 inches of rainfall in the past four months?

New questions in Mathematics

Eight acts are scheduled to perform in a variety show how many different ways are there to schedule their appearances show your work

10.Silvana must knit a blanket in 9 days. Knitting 8 hours a day, at the end of the fifth day, only 2/5 of the blanket was done. To be able to finish on time, how many hours will Silvana have to knit per day?

The gross domestic product the gdp for the United States in 2017 was approximately $2.05x10^3. If you wrote this number in standard notation , it would be 205 followed by how many zeros

Calculate the 6th term of PA whose 1st term is 6.5 and the ratio 5

A hotel in the Algarve had to offer 1 week of vacation to one of its employees as an Easter gift in a random choice. It is known that 80 people work in this hotel, 41 of whom are Portuguese and 39 are foreign nationals. There are 14 Portuguese men and 23 foreign women. Using what you know about conditional probability, check the probability that the gift was offered to a Portuguese citizen, knowing that it was a woman.

If L (-2, -5) reflected across y = -4. What are the coordinates of L?

*Question!!* *Victory saved 3,000 in first bank and 2,000 Naira in union bank PSC with interest rate of X% and Y% per annual respectively his total interest in one year is #640. If she has saved 2,000 naira with first bank and 3,000 naira in union bank for same period she would have made extra 20# as additional interest, then find the value of X and Y