Thursday
April 2, 2015

Homework Help: Mathhh!!

Posted by Cindy on Saturday, March 31, 2007 at 10:18pm.

Sally deposited $3600 and the annual rate of interest is 6.5%. What is the interest amount for a 30-month period?

I = prt.
I = amt of interest
p = principal
r = rate (0.065 per year)
t = time in years = 2.5 years
I = 3600*0.065*2.5 = ??

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math - Interest is a concept familiar to most people: every credit card in ...
Math - Interest is a concept familiar to most people: every credit card in ...
algebra - The formula I=PRT gives the amount of simple interest I earned by ...
algebra - A principal of $5000 was invested in a savings account for 4 years. If...
algebra - A total of $6200 is deposited into two simple interest accounts. On ...
help - The interest rate on a second mortgage was5 7/8 % last month. This month ...
math - the total amount of interest on this loan of $6000 for 150 days is $210....
math - a formula for calculating simple interest is I = Pr, were I is the ...
eco - Suppose a person pays $80 of annual interest on a loan that has a 5 ...
maths-urgently needed - the simple interest of certain amount for a period of 2 ...

Members