Question

help me please

Answer 1

??

Answer 2

ok it says jonah earned 150.36 in interest on an account that earn1.4% simple interest if jonah opened the account 12 years ago what was the principal amount

Answer 3

help

Answer 4

whats the answers they give u ?

Answer 5

850 868 880 895 and 902

Answer 6

im thinking its 880 but im not 100% sure sorry

Answer 7

how did u get that anwser

Answer 8

Simple interest is determined by multiplying the interest rate by the principal by the number of periods.

I = 150.36 in interest

r = 1.4% simple interest (assuming that it is a per year rate)

t = 12 years

I =P*r*t where P is principal, r is interest rate, and t is time

Answer 9

150.36 = P * .014 * 12

Answer 10

Solve for P.

P = $ 895 @jorreh

Answer 11

can u help me with another 0ne

Answer 12

scott took out a 72 month loan fo$35,000 to purchase a new boat if scott paid $8925 in simple interest what was the interest rate