Answered

Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Find the simple interest for each principle,rate,and time.Round to the hundredths place
44.) $500 invested at 6 1/4 for 5 years
45.) $769 borrowed at 5% for 13 months

Sagot :

iGreen
[tex]\sf~I=prt[/tex]

Plug in what we know:

[tex]\sf~I=(500)(6 1/4\%)(5)[/tex]

Multiply:

[tex]\sf~I=156.25[/tex]

Do it with the next one:

[tex]\sf~I=prt[/tex]

Plug in what we know:

[tex]\sf~I=(769)(5\%)(13)[/tex]

Multiply:

[tex]\sf~I=499.85[/tex]
We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.