f the principal P = $500, the interest I = $250, and the rate r = 10%, find the following.

(a) What is the time?

1 answer

simple or compound interest?

Similar Questions

If the interest rate on a $250,500 loan is 6½ percent for a term of 30 years, what is the principal and interest (PI) payment

Top answer: I = PRT I = 250,000 * 0.65 * 30 I = 487,500 Total owed = 737,500 737,500 / 360 = 2,048.61 Read more.
If the principal P = $500, the interest I = $250, and the rate r = 10%, find the following.(a) What is the time? 1 years (b)

Top answer: I = Po*r*t = $250. 500*0.1t = 250. S0lve for t Read more.
When calculating interest earned on a CD, you _____. (1 point) Responses multiply the principal by the interest rate multiply

Top answer: To calculate interest earned on a CD, you would multiply the principal by the interest rate and Read more.
Tommy earned $14.80 in interest after 4 years on a principal of $100. His simple interest rate is 3.7%. Jane earned

Top answer: I would rather use Jane's bank. Although Tommy's simple interest rate is lower at 3.7%, he only Read more.
correct answer isWhat is the relationship between the interest, interest rate, and principal? The principal is the amount paid

Top answer: The correct answer is: The interest is the amount paid for borrowed money in addition to the Read more.
What simple interest rate will Susan need to secure to make $2,500 in interest on a $10,000 principal over 5 years? how would i

Top answer: I = PRT 2,500 = 10,000 * R * 5 2,500 = 50,000 * R 2,500 / 50,000 = R 0.05 = R The rate is 5% Read more.
Find the simple interest earned to the nearest cent for each principal interest rate, and time$500,4%, 2 years

Top answer: I = PRT I = 500 * 0.04 * 2 I = ? Read more.
Good pm, please help me to my homework. Thank youHow to calculate an ordinary interest given a principal rate of 500,00 , at a

Top answer: If you assume 360 days per year, the interest per day is just 1/360 of the annual interest. So, you Read more.
Abbi invested $1,500 in a certificate of deposit with a simple interest rate of 4%. Find the interest earned in 6 years. Then

Top answer: To find the interest earned in 6 years, you can use the formula for simple interest: Interest = Read more.
abbi invested 1,500 dollars in a certificate of deposit with a simple interest rate of 4 percent. find the interest earned in 6

Top answer: Your equation to help you determine the answer would be, a = 1500 (0.04 (6))= 1860 Then find the Read more.