p=$89700, r=9%, t=2 months[Assume 360 days in a year}
i have to show work
compounded daily/continuously/....? or simple interest?
simple intrest
Does the question ask for the interest of the total amount after 2 months?
Start with the formula. which is ...?
it just say t=2 months
i=prt
?
Right. \[\large I=P \cdot r \cdot t\] I is the interest you are trying to calculate. P is the principal (the money you invest / start with) r is the annual interest rate... \(9\%=\Large\frac9{100}\) or 0.09 t is the time in years.. 2months=\(\Large{2 \over 12}\) or \(\Large{1\over 6}\)
i = p * r * t = 89, 700 * .09 * 1/6
a=1345.50 b=134550.00 c=16146.00 d=4036.50
i got it its a thank u
\[\Large I=897\cancel{00}\cdot {\cancel93 \over \cancel{100}} \cdot \frac 1 {\cancel{6}2}\]
p=$7101, r=1.25, t=11months
@jordan231 one question per post, pls! And don't forget to click on the blue Best Answer!
thank u
I mean for PaxPolaris is the person guiding you through the end!
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