marshdai000 marshdai000
  • 09-01-2019
  • Mathematics
contestada

Find the total amount owed after 6 months on a loan of $900 at an annual simple interest rate of 8.5%

Respuesta :

anilac anilac
  • 09-01-2019

Answer:

The answer would be $38.25

Step-by-step explanation:

I=PrT, where P is the principle amount, r is the interest, and t is the time in years. There for it would be, I=900*0.085*0.5 (0.5 because 6 months is half of a year)

Hope this helps!

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