Question

HELP PLZ.
Find the simple interest
Principle Rate Time of months Interest
$1250 5 1/2% 3

The interest is
(Round too nearest cents)

Answer 1

I = P r t

Answer 2

I = P R T

Answer 3

principle times rate times time of month

Answer 4

principle x rate x time, yes

Answer 5

But I think you have to enter the month differently...hold on

Answer 6

I= 1250 x 5/12% x 3

Answer 7

no its the irate

Answer 8

It would be I = 1250 x 5 & 1/2 x 3/12

Answer 9

rate*

Answer 10

You would use the 3 alone if it were 3 years

Answer 11

but since its 3 months its 3/12

Answer 12

http://www.teacherschoice.com.au/maths_library/money/simple_interest.htm

Answer 13

good site to learn interest rate and term

Answer 14

I got 20625.

Answer 15

I got 24062 1/2

Answer 16

"""To convert the loan period, 'T', from years to months, you multiply it by 12, since there are 12 months in a year. Or, to convert 'T' to weeks, you multiply by 52, because there are 52 weeks in a year.""" that is from the website you just shown me

Answer 17

Where do you see where it says times it by 3 months?

Answer 18

Im confuse here...

Answer 19

Do you have answer choices?

Answer 20

No

Answer 21

I have to go but good luck with your answer

Answer 22

k