The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume there are 360 days in a year. P = $50005000, r = 4.04.0%, t = 99 months

$1,650

Explanation:

simple interest owed = principal x interest rate x number of periods

simple interest owed = $5,000 x 0.333% x 99 = $1,650

or you can also calculate it in years:

simple interest owed = $5,000 x 4% x 8.25 = $1,650

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"