Andrew borrows $79,500 for 5 months on 6.30% interest rate in his saving account. calculate the simple interest

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12-05-2016
Mathematics

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Andrew borrows $79,500 for 5 months on 6.30% interest rate in his saving account. calculate the simple interest

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Snowpaw Snowpaw · Answer 1 · 2016-05-15T15:31:30+02:00

Snowpaw Snowpaw

15-05-2016

Equation i= p time r time T 79500 time .0630 time .42 Equal 21,035.7 simple interest Dos Doctor pepper on the interest, going back two time on the left which would become .0630 5 divide month of 12 which is .41666 Round to the nearest tenth which is .42

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