Question

find the simple interest and the total amount due on the loan....principle $20,200..rate is 5 1/2%...3months..simple interest is? and total amount due?

Answer 1

simple intrest=(principal x time x rate)/(100)

Answer 2

PRT/100

Answer 3

so simple interest is 100?

Answer 4

im sorry i don't understand simple interest

Answer 5

and so the total left owed is?

Answer 6

mutiply the princple,the time and the rate.then divide all of them by 100

Answer 7

1/2% for rate?

Answer 8

what is your rate in the question? pls can u re-type it here

Answer 9

5 1/2%

Answer 10

5 and 1/2%

Answer 11

20,200* 0.055* 1/4=?

Answer 12

am getting confused too cos of the question,the rate is it 1/2% of 5 or what?

Answer 13

5 and 1/2%

Answer 14

it equals 0.055%

Answer 15

so now i need to know what 20,200times 0.055 times 1/4 =

Answer 16

juanita can help u out with this,she is good

Answer 17

ok ty i'm sorry for confusing u