shauna94
17.02.2021 •
Mathematics
Find the bank discount and proceeds using ordinary interest for a loan to michelle anders for 7,200 at 8.25% annual simple interest from august 8 to november 8
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Ответ:
$145.5
Step-by-step explanation:
Period, t = August 8.to November 8 = 3 months
Simple interest formula :
A = P(1 + rt)
A = final amount =. 7200
7200 = P(1 + (0.0825 * 3/12))
7200 = P(1 + 0.020625)
7200 = P(1.020625)
7200 = 1.020625P
P = 7200 / 1.020625
P = 7054.5009
Bank discount :
A - P
7200 - 7054.5009
= $145.4991
= $145.5
Ответ:
The answer is 52 have a good day