Question

Interest Questions... Continued...

Answer 1

A=P(1+rt)

Answer 2

The answer isn't 11.5 or 12.5%

Answer 3

@Mertsj

Answer 4

i was thinking 500=480*(1+(130/360))

Answer 5

Why 130 days?

Answer 6

he sells it for 480 after 130 days... i dont know. i think that's the part i have wrong.

Answer 7

The note only has 110 more days to go on the note. Because Homer sold a 240 day note after 130 days.

Answer 8

ohh

Answer 9

im getting .1363636363

Answer 10

thats wrong apparently ^^^

Answer 11

Your equation doesn't seem to have an r in it and you are trying to find r

Answer 12

yes that's what i get for r

Answer 13

Moe is going to get more than 500 because he will get the interest on the 500 for 240 days at 6%. So he will get 500+500(.06)(2/3)

Answer 14

So Moe will get 520 dollars.

Answer 15

the answer is a percent

Answer 16

What is your point?

Answer 17

Why do you have 500 in your formula?

Answer 18

i dont know i'm freakin retarded when it comes to math..........

Answer 19

Moe invests $480 for 110 days and gets 520 back. So he makes $40 in 110 days. So using the simple interest formula that I = Prt
40=480(r)(110/360) r=27.3%

Answer 20

Or using your formula
520=480(1+110/360r)520=480+480x110/360xr
40=146.67r
r=27.3%

Answer 21

Is that the right answer?

Answer 22

yeah thats right...

Answer 23

ok i need more help... im awful with these for some reason....