Question

Princial: 50,000 Rate of interest: 5 5/8% Time: 1/4 year. Simple interest?

Answer 1

prt/100
50000 x 45/8 x 1/4 x 1/100

Answer 2

prt/100
50000 x 45/8 x 1/4 x 1/100

Answer 3

500 x 45 / 32

Answer 4

50000 (4500/8) (1/4) right?

Answer 5

divide by 100 amistre

Answer 6

225 x 3.125

Answer 7

lol....yeah thats right :)

Answer 8

so vane1013 you got it now??

Answer 9

50000 (45/800) (1/4) = 703.125

Answer 10

yeah

Answer 11

when they give you like 360 days in a year and 30 days in a month; does that throw it off any?