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 measure of the perpendicular bisector of a side in a triangle with side lengths 5, 12, and 13?
+
What is the derivative of y = 3x^4 + 2x^3 - 5x^2 + 7x - 1?
+
Math question: Find the limit as x approaches 3 of (2x^2 + 4x - 1)/(x + 2) using limit laws.
+
New questions in Mathematics