# ALGERBRA

THE PRINCIPAL IS BORROWED AT SIMPLE INTREST RATE OF R FOR A PERIOD OF TIME t. Find the simple interest rate owned for the time use of the money. Assume 360 days in a year.
P=\$5000, R=8.5% t =9 months.

1. 👍 0
2. 👎 0
3. 👁 49
1. I = PRT

I = 5000 * 0.085 * 0.75

1. 👍 0
2. 👎 0

## Similar Questions

1. ### Consumer Math

*** is my answer When calculating intrest on a cd you ____? A. multiply the principal by the intrest rate B. multiply the principal by the intrest rate and time*** C. use an online calculator D. multiply the principal by time

asked by Kamryn on November 21, 2017
2. ### Math

Find simple intrest principal= \$300 Rate= 10% Time 3 and a half years

asked by christopher on April 17, 2010
3. ### financial mathematics

jeromeborrowed an amount of money on 16th june 1999. he has to pay Ri7500 back on 25th feb 2000. what was the amount borrowed if simple interest of 26% is chargedd? qn 2. For 20yrs sidney deposited R200 every month into an

asked by rita on March 1, 2007
4. ### Consumer math !!!! please check

Determine the total in Dexter's account after the second month using the information below. Dexter Banler's account Principal: \$1,604 Rate: 10% compound Length of period: month >\$3208.00 \$1764.40 \$1630.85 3. Ray Sugar's account

asked by Tomi on May 24, 2012
5. ### buissness math

Determine the total in Dexter's account after the second month using the information below. Dexter Banler's account Principal: \$1,604 Rate: 10% compound Length of period: month \$3208.00 \$1764.40 \$1630.85 3. Ray Sugar's account

asked by morgan on October 26, 2011
6. ### Math

the principle B is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the money,. Assume there are 360 days in a year and round to the nearest cent. P=\$4000, r=6.0%and t=6

asked by Theresa on July 16, 2011
7. ### algebra

The principal P is borrowed and the loan's future value, A, at time t is given. Determine the loan's simple interest rate, r, to the nearest tenth of a percent. P=\$130, A=171.60, T=4 years

asked by Anonymous on February 4, 2011
8. ### Math.

For question 1-4 for the interest. All rates are annual interest rates. 1) principal, \$400 rate, 5% time, 1 year. a. \$10 b. \$20 c. \$40 d. \$200 2) principal, \$1,000 rate, 8.5% time, 3 years a. \$255 b. \$170 c. \$22.5 d. \$17 3)

asked by Sydney HELP! Need help ASAP! on April 9, 2015
9. ### math

Amount of an Investment. The amount of an ivestment of P dollarsfor T years at simple intrest rate r is given by A=P+PrT a)Rewrite formula by factoring out the greatest common factor on the right hand side. b)find A if \$8300is

asked by Debbie on March 4, 2009
10. ### simple intrest

My daughter brought home a work sheet and I have no clue where to begin to help her and she seems to have no clue either. the questions are 1. Find the final balance in each account. \$800 at 4.25% simple intrest for 6 years 2.

asked by Veronica on February 20, 2007

More Similar Questions