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 are the asymptotes of the hyperbola function with the equation (x^2/9) - (y^2/16) = 1?
+
Question: What is the sum of the mixed numbers: 2 1/3 and 3 2/5, when expressed as improper fractions?
+
Math question: What is the equation of the basic shape of a parabola's graph?Answer: The basic shape of a parabola's graph is represented by the equation y = ax^2 + bx + c, where a, b, and c are constants. The
+
New questions in Mathematics